After consolidating for almost 3 months, Bitcoin broke the resistance formed by the narrowing of the MIMAS 17 (pink) and 72 (orange) and has thrown a strong move to the weekly resistance of the $11750 area.
Now, we can see that the price is resting above this resistance and the green lines PV72 and PV305 are aligned below the price giving nice support to...
Seems that Bitcoin got enough power on the accumulation phase to release a new wave. This time, aiming to target the 11800 - 12000 region as a local target, which is a PVPC resistance and also matches the 1.618 Fibonacci projection based on the last wave.
The Santo indicator shows that the bandwidth is becoming large which means that the trend is gaining...
