People keep emphasizing the micro view that BTC is about to break the current support level etc, but the macro chart if you zoom out shows that we have just finished a massive ABC corrective wave and that we have just started an impulse wave that should be propelled by our bounce off the $7,300 support level. I do agree that the support level right now is crucial from any perspective but the macro charts indicate a perfect view of Elliot Wave theory being replicated by BTC I see us bouncing off this level very soon and this should propel us forward to the coveted price of $20,000. Patience is a virtue.
Comment:
Sorry for the overlapping waves but one should be able to differentiate them.