chris-abc

A rough line drawing of where i think btc will be heading

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BITFINEX:BTCUSD   Bitcoin
Ok, just a quick scruffy drawing of where i think btc will go. He are at 2 majot resistance lines at the mo, my method of TA we are at end of pohase 3, so this will click the phase above on and we will be at phase one of the next set of three, coz we will be on the down side of 2 phases then we should get a decent sized pull back. But between the phases we always get an interval phase, and i think this onbe will appear as an extension and go on to creat a h&S pattern. So for many EW users we should be finishing wave 5 but think we will get an extension providing we manage to break all be it for a short time the resistances. I have drawn a wellow line to where i think price will go over the coming days. Its a confusing chart i know but just folow the yellow line to see if this ends up correct or not BTCUSD
So for me iu will stay in my positions until we fall out the aggressive green channel
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