BTC 8k Bounce before rally continues to new ATHs for BITMEX:XBT by Zaptar

elliottwaves headandshoulders btcusd btc

Head and shoulders formation with Elliott Waves
8k and 9k are important levels

Comment:

- My thinking behind this is that BTC tends to test major resistances/supports multiple times before an eventual push through
-Think 6k this year and 4k last year. I would be surprised if we green dildo through 9k at this point.
-I think it generally a head and shoulders forming (4k this year) or/and a accending/decending triangle which is not very steep (6k last year) (none of which we have here)

Comment:

typo: "Think 6k this year and 4k last year." should be 6k last year and 4k this year

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