Pigeon007

Pigeon007

Hey Guys, Its Pigeon feed time! It's your Tri-polar Pigeon here!! I am seeing an ending diagonal in a C wave. The contracting triangle is respecting the blue R/S lines in this 3-3-3-3-3 structure (ending diagonal rules apply) where wave 1 tends to be the longest and wave 5 the shortest. I am seeing a top of this wave around 0.194-0.198 from Elliot Wave analysis...

Pigeon007

BTC is in a tightening pattern, with declining volume and the daily RSI in a descending channel all indicating we could be in for a break sooner then the general market thinks. Look for a test of the downward sloping (red) triangle line in the upcoming days. Second confirmation of a bullish break out will be a close above c.11k, with a target of c.14k (double...