I published a pretty messy chart on Jan 29th. This is a much cleaner chart that shows the waves falling within the Elliot/Fib guidelines. With a projected finish of 11,600 before we go into a major correction.
Price Yesterday buy-in broke the lateral channel and brought the price above the 6650.0 level, closer to the Global Bearish Trend Line. For now, the price stays locked inside the narrowing bounds of Bearish Trend Line and 6650.0 level. Today BTCUSD will reach the decisive moment with the Trend Line, bounce back will bring the price below the 6650.0 level probably...
Price Yesterday we saw one more fall iteration, which brought BTCUSD pair to the April minimum at the 6425.0, exactly from this level the April – May growth started. The next support would be February low at 6000.0 level. Turnaround scenario at this point require strong support in the 6000.0 – 6400.0 zone. Otherwise, the price could go lower than 6000.0 minimum,...