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Wojtek440

An interesting re-entrance into the parallel channel

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Bitcoin (BITFINEX:BTCUSD)  
Wojtek440  
BITFINEX:BTCUSD   Bitcoin
Wave Analysis Technical Indicators Elliott Wave
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waveanalysis indicator elliottwaves
The price has re-entered the parallel channel on the 1h.

We could see a push up to the .236 in a 5 wave impulse.

Because there was a reaction between the .50 and the golden zone, this could be the begging of an impulse wave upward

RSI is overbought, which could indicate the beginning of the 2 wave.

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