BITCOIN - Short Term View: BULLISH

in #bitcoin6 years ago

What's The Next Move?

Here's my take on the future price path:

  • Forming a first wave leading diagonal with a last impulse wave to complete.
  • Resistance at $6,800 area so would assume that we don't reach further than that for now.
  • We could drop to $6,400 area again before finishing the 5th wave.
  • We will probably see a price drop down to $6,300 area when we've completed the 5th wave.
  • This will form a new pattern, most likely a channel

Screen Shot 2018-07-04 at 13.29.18.png

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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.