According to the previous analysis; and by completing the pattern, Bitcoin managed to break 6800 major resistance. We are discussing the possible scenario in this post. Here we are analysing only the possible structure using Elliott Wave Patterns and we are not indicating any price point or time-lines... The complex structure of #BTC which started in early 2018...
#BTC 1H As we can see in 1H chart, Bitcoin is fluctuating within a descending channel and it started to rise after bouncing from the trendline. Each time Bitcoin has bounced from these areas, we Haven’t had a rise more than 38% fibonacci levels; but now bitcoin has passed the midline and 38% Fibonacci level. A reverse head and shoulders pattern is...