What’s behind this BTC bull run I can only think of the public desire for free Bitcoin Gold, how long will it last? Maybe some up and down movement until the 25th?
If we zoom out adjust our charts I’m still in 5th wave Elliot with next stop at $6400 upper resistance trend line (fibo 78), if it breaks that line next stop could be $6800 (fibo full 1). Surely, we have to see a correction for overbought/sell off reasons hence I think correction points would be $6400 or $6800. For correction support I’m with the theory of previous resistance is new support so possible support levels would be $5000 and $4400. I’m not ruling out the inverted H&S formation just yet. Happy trading.
If we zoom out adjust our charts I’m still in 5th wave Elliot with next stop at $6400 upper resistance trend line (fibo 78), if it breaks that line next stop could be $6800 (fibo full 1). Surely, we have to see a correction for overbought/sell off reasons hence I think correction points would be $6400 or $6800. For correction support I’m with the theory of previous resistance is new support so possible support levels would be $5000 and $4400. I’m not ruling out the inverted H&S formation just yet. Happy trading.