BTC Short Term Analysis
It looks as though the cloud is on our side.
Over the next several days, we should be seeing the final push that shifts the $10000 resistance line to a line of support. It looks like the beginning of a new impulse: that we are on the tip of the first wave, watching the correction beat out the last of the sellers before we can finally see some significant upside with the impending third wave.
There is nothing but upward momentum, the lagging price is bullish, the cloud is telling us that the price has a high probability of maintaining its upward direction for a while; it seems as though we are witnessing the beginning of the next bull run.
Over the next several days, we should be seeing the final push that shifts the $10000 resistance line to a line of support. It looks like the beginning of a new impulse: that we are on the tip of the first wave, watching the correction beat out the last of the sellers before we can finally see some significant upside with the impending third wave.
There is nothing but upward momentum, the lagging price is bullish, the cloud is telling us that the price has a high probability of maintaining its upward direction for a while; it seems as though we are witnessing the beginning of the next bull run.
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