Bitcoin update 20.Mar, BTC Bulls are out, dont let them spook ya!
The bulls are raging Bitcoin these days!
The 1 hour chart from Hitbtc show we are clear of resistance up to a weak one at $9600 area wich I suspect will break.
Here is the daily chart from Hitbtc, also bullish short term. TD indicator count 2 green, and you can see the blue subwaves (I) and (II) is finished, and way up in the (III).
Expect an ABC correction after such a wave, and if the blue support hold we can expect this correction to end in the circled wave II.
Still not overly much volume.
My old handdrawn waves are still valid btw, the bottom here was $50 off.
Here is the 1 hour chart from Bitfinex
It shows we are clear of all resistance up to the $10k area, and trading well above the now green Ichimoku cloud.
- and 2. Elliot wave up is finished, and we are now well into the 3.
These are just my thoughts, not a trading advice.
If you have another view on this post your welcome to discuss and post your charts in the comments.
If you'd like my technical analysis on another coin, please ask in the comments.
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This post has received a 0.82 % upvote from @drotto thanks to: @thedolphin.
good informations @thedolphin
thank you for sharing
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