Hope everyones having a great weekend. Let me recap BTC for you real quick.
Here's the last blog for more details --> https://steemit.com/bitcoin/@topcoin/btc-technical-analysis-elliot-wave-count-i-hope-you-heard-my-last-forecast
Although we cannot confirm a bullish trend until we can break above $7k, I am starting to see bullish momentum building up for short term.
- On 12 hr frame, we see a very clear bullish divergence.
- 30 min frame shows a perfect ascending triangle(likely to breakout upwards).
Right now, I am biased to believe that BTC will go up (short term only).
In order to confirm a bullish trend, we must wait to see if price will break above 7k with strong conviction.
If that happens, I will get back to you regarding detailed elliot wave and profit targets :)
Right nows not the best time to swing BTC. As for day traders, today's volatility SUCKS. I took advantage of EOS yesterday if you know what I mean :)
Lay low for a couple of days. Probably the smartest choice.
