Today will give some shorter update as not much has changed from my yesterday post.
In the 15 minutes chart i can see some very positive things going on. Checking the candles and volume behind it, we can see a smart money game play to accumulate more BTC. The price has been pushed into stop losses to trigger them and to buy back all coins for a discount.
The Elliot wave can be counted as shown meaning we are working on a correction after 5 waves up. As it looks we are about to see wave c which is usually ending up in the area of wave 4. This lines up nicely with the cloud. From here we shell see wave 3 which is 1.618 of wave one = a target of 6,562 usd, following the red arrow.
In the 4 hour chart i marked a area of resistance which we can brake easily IF in wave 3. From here we should see the next correction starting to take place.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.