$BTC Analysis- Will the $7-8k zone be next?
In my previous 
BTC analysis I talked about we still haven't entered a disbelief stage.
I used Elliot wave to explain how we completed a 5 wave structure, as well as A and B corrective waves.
The descending triangle that we can see in the chart above confirms my beliefs even more, if we break out to the downside (which is what this pattern signifies as being likely) we should see a push to the $7-8k zone which is right in between the .5 and .618 fibs.
If we hold there I'd see that as bullish.
BTC analysis I talked about we still haven't entered a disbelief stage. I used Elliot wave to explain how we completed a 5 wave structure, as well as A and B corrective waves.
The descending triangle that we can see in the chart above confirms my beliefs even more, if we break out to the downside (which is what this pattern signifies as being likely) we should see a push to the $7-8k zone which is right in between the .5 and .618 fibs.
If we hold there I'd see that as bullish.
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