Just a thought... but maybe this will pan out.
Bitcoin going down next week or braking out from the wedge. Actually don't care, I'm full cash now. Only If we make a new high, over 14k, I will enter again.
Decision time once again for BTC as it reaches the apex on the 1HR. Continuation to blast through resistance at $11800 or drop to fill one of the CME gaps ?
target to 10k/$10700 Near the 30th of june into july or before if it break's my trend lines upwards near the 15th 17th my guess would be more approaching the end of june into july
Recommendation: Buy at / above: 9202.1 Targets: 9221.49 --- 9245.51 --- 9269.56 --- 9293.64 Stoploss : 9178.14 Sell at / below: 9178.14 Targets: 9158.78 --- 9134.87 --- 9110.98 --- 9087.13 Stoploss : 9202.1
I am very new to Elliot Wave analysis. I simply do not know enough to know why my labeling is wrong. Particularly the ABC corrective wave that I used a WXYXZ pattern. I would love for some comment from someone who knows something more than me.
This is based on the MACD on the daily. Not financial advice, I am a retard.
Bitcoin struggling to turn resistance into support once again after Thursdays drop on the 4 Hr chart. What will this bring for the coming week . . .
high 9200+ mid 8100/8400 low 6600 lower low 5800