BTC Forming Possible Elliot Wave to Break it's Heavy Resistance

28 thg 2, 2018

I am very new to analyzing short term 4 hr graphs. But I hope to keep learning from everyone and start forming my own ideas and graph analysis, any and all feedback is welcome. I have found what I think is an EW forming. BTC seems to be very bullish with it being pretty oversold on the stochRSI as well as staying above it's supports. I think this wave will correct and then take off so BTC can see the gains people are hoping. The target resistance for BTC to break is around $11,500 in my opinion, and we should then see some stability at a higher support.

All feed back is welcome, and I could be way off on my analysis. I look forward to hearing what you all think.

CD