Hello & Wellcome my friends.
I think if we break this local trendline, we may have a BOOM!
Maybe BTC repeats the pattern had a few weeks ago. I'm actually waiting for a "B" wave up to 46-48k.
As we can see here on purple lines, we may have a triangle correction pattern that completes the 5th wave as an E wave and ready to touch the upper purple line.
I think it's probable to break it out for some reasons:
1. We have already our UPTrend
2. It's close to the end of the month and for the next month, we can have a green Marubozu candle. or even a shadow...
I think we can have a cup with handle pattern! if it's true, just after passing 9950, it's time to have long position.
remember we have a divergence now! ( dangerous )
First of all sorry about my terrible grammar. I think we're in subminuette wave 5 of Minute wave 3 (Elliott Waves). Maybe we're in a butterfly harmonic pattern that has not finished yet, besides we started a five wave cycle on subminuette wave 5. I expect It's targets can be the range of 10,200-10,800 & the next one 11,400-11,900.
I think the chart can explain...