Aerot

BTC - Where to next ?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is what I see for now.
Dark Blue -> Main Count / Light Blue -> Expanded count.
Only difference is one takes us longer than the other - I think they both come to an end around the same price level.
Other obvious option is we break up from here (I don't see the strength for it at all yet).
Things have become exceedingly interesting down here.
Comment: Serious strength off 7900 level last night.
I'm not opposed to a move between 8300-8600 (and potentially all the way to 9000).
Overall I'm wearily bearish until downward trend line is decisively broken.
Comment:
Minor labels of our current wave are not indicative of actual price levels - simply meant to provide a structural picture for the way BTC may play out moving forward.
Comment: Big move here.. depending on how this plays out moving forward this may have actually been my original C here.
Will be looking for move past 9000 for some beginning confirmation.
Comment: Support/Resistance @ ~9400 going back to July.
Looking for Daily close above.

Comments

Good job
+1 Reply
Aerot VincePrince
@VincePrince, Looking at very similar support levels as well.
Reply