BTC has followed by previous Elliott Wave prediction fairly close. Now that BTC is back up to 8.5k it is going to be facing the previous resistance that pushed it in to wave 4. If BTC can break this resistance it will continue on to the target of 9.5k. If it fails to break this resistance a pull back to the 7.2k - 7.4k area is likely, and a return to the bear trend becomes more likely.
Bình luận
⋅
BTC has bounced off of the resistance at 8.5k, but has held above 8k throughout the day. This may be due to the extended maintenance at Binance. We will see how the market is influenced once Binance comes back online, and react to market changes at that time.
The bulls WERE in control and it WAS and Elliot structure forming. As soon as we plunged our 4 and closed into the 1 without questions, it became a bear flag.