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My EW count was wrong in my previous analysis, I was assuming, that the 5-wave cycle is completed, but we got another wave to the upside, but this should really be the last one. We have decent bearish divergence on RSI, which often indicates end of the cycle. Bitcoin very likely finished 5-wave move to the upside, now we should continue down into that grey support zone, we should bounce up from that zone and then continue higher. At this point just watching for some negative divergence or an event to push this down to a retracement level.
Pennant about to break! How do you think? Shall we go and close the gap? Write in the comments all your questions and instruments These are the only gap ups that happened when price was dropping that i found.
You heard that right folks, this isn't no ordinary Bitcoin Bull Run, there's something coming between you and your bullish outlooks and I'm not hear to tell you exactly what that is, but I am here to help guide you through this experience of Bitcoin Trading. My analysis goes beyond technical analysis and comes from beyond what the eye can see.
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