After completing the ((e)) wave of the triangle, the market rallied just as expected. I am expecting this to travel to at least $22,700 but more likely $27,700. However, in order for this to be a viable option, $14,150 needs to hold price and not be penetrated. If it is, then expect much more bearish movement over the next few days and weeks. I would rather Bitcoin turn higher after completing a zig-zag to the downside because this would make it much easier to trade and profit from.
For now, we need to wait it out!
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Is it bouncing? A break of $16,909 will confirm! :) Hope you had a great weekend.