Did everyone catch my ascending triangle call yesterday for a short term $150 gain per (BTC)?
Right after my call, price shot up $150 before dropping heavily. If you wish to check it out, go here --> https://steemit.com/btc/@topcoin/btc-technical-analysis-ascending-triangle-spotted-are-we-done-with-wave-5
What happened to (BTC) last night? Exactly what I said would happen. Click here for see--> https://steemit.com/bitcoin/@topcoin/btc-technical-analysis-elliot-wave-count-i-hope-you-heard-my-last-forecast
So.. what now?
I am FINALLY turning bullish.
- RSI on high frames show strong bullish divergence. (lower low in price action, higher low in RSI)
- MACD slowly gaining strength.
- I believe that WXYXZ correction is over. (All waves present)
- Strong bounce with volume confirmation.
Let me put it simply.
Resistance: $6,250
Support: $5,760
If resistance is broken, (BTC) will rally towards $6,600~$6,900 region. (Wave 3)
If support is broken, .. I don't even want to think about this scenario yet. Honestly I don't think it will happen.
I am very bullish on (BTC) right now. If you have any questions, please leave it in the comments.
