Pretty simple wave pattern here, given the volume and bullishness of Bitcoin I expect a 0.236 or 0.382 retrace. RSI divergence supports the idea.
Comment:
Daily supports are shown in blue, hourly in black. The hourly aligns perfectly with the 0.236. One possible issue is the slight overlap of wave 4 and 1. If this idea is invalidated I will update shortly with an alternate count.
Comment:
Invalidated, next resistance is 55850 unless a double top occurs on 5 min (unlikely)
