BITCOIN - Short Term View: BULLISH
What's The Next Move?
Here's my take on the future price path:
- Forming a first wave leading diagonal with a last impulse wave to complete.
- Resistance at $6,800 area so would assume that we don't reach further than that for now.
- We could drop to $6,400 area again before finishing the 5th wave.
- We will probably see a price drop down to $6,300 area when we've completed the 5th wave.
- This will form a new pattern, most likely a channel
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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.
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