BITFINEX:BTGUSD Finished its Elliot Triangle Wave, and now we are in the dark purple channel. 9700 is a major local resistance and if we break that, BTC should continue to follow that channel until we hit the first purple line. Once BTC Gets to that point, expect a slight correction and if the market is truly bullish we can expect BTC to break that resistance on the second or third test. If all of this happens confidence should return to the market and new money should start flowing in. Also, the purple boxes show where changes in markets are going to be (Bull or Bear). The faded out light red line shows the last resistance before BTC goes to the moon, so if we break that BUY BUY BUY.
If this doesn't happen and we are not confirmed out of the red resistance line, Expect another dip probably down to 8500-9000. I will keep you guys posted on this.
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BTC had now been confirmed that it has broke out of the first downward channel. Next major resistance is probably somewhere around 10500.
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BTC Currently following my purple channel. We are hitting slight resistance at around ~10000
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BTC trying to confirm we broke the 10500 resistance. We are one step closer to a bull market