BTC continues its fluctuation within a rising wedge that nears the top - the trend line + the last minor Elliott wave of first major wave is in progress. I expect the price to slightly breakthrough the trend line (reaching the fib target) before a spill from the rising wedge. If the price even slightly breaks through the trend line this will be a positive indicator that once the pullback is over the price will completely obliterate the trend line during 3rd Elliott Wave.
As I have said, now that the price has broken out of symmetrical triangle wave 5 has started which can either bounce off the trend line or slightly breakthrough it before a pullback. This are short terms prediction of the price behavior prior trend line break (or bounce)
Even if the price bounces from the trend line doesnt mean that the situation is completely negative, there is a potential for a bullish reverse head and shoulder setup that can launch the the price after major wave 2 is complete.
Always Use Stop Losses!!
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