Right now we have two resistance lines to break, the first one has been broken but not the second one, it has been rejected very hard, we need to break that main resistance in order to break the Bear Trend. These are the posibilities, bouncing through both or getting rejected, let's see what happens.
After 20 days of running up BTC had to retrace, we're seeing a retracement right now after a H&S, but where will it bounce? I found a purple trend line that has been a resistance and support for a long time and it intersects with the 0.618 fib retracement, it could bounce there. If not then we need to find another support.
Bitcoin has been forming fractal patterns of symmetrical triangles, right now it's forming another one, the volume is increasing, but the bearish sentiment remains, let's hope it breaks out on a positive way, but the TA shows a bearish scenario.
This BTC push made a perfect position for Wave 4 not overlapping Wave 1, ENG is an awesome project even if Elliot Wave doesn't make it it should go up if BTC consolidates. BTC always makes alts bleed when it pumps.