With the Bitcoin daily chart in a strong buying mood, I see two most likely next steps:
a) the buying momentum cannot be sustained and after another day or two of good gains, we'll finally begin the descent to 6000USD
b) the bulls drive us back up to challenge 11000USD once again
I consider option A to be 85% likely. How about you?
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First of all let me tell you that I am not an expert in chart analys. I've not been doing this for a long time, I just really like charts since ever! :)
So, resistance line was formed back in november 2017, just bofeore the huge "mooning" point. We can see the 5 elliot waves to the top and then 5 correction one pointing into that resistance line. According to my...
