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RE: Bitcoin (BTC) Morning Update: Head & Shoulders Combo

in #bitcoin7 years ago

This is quite an interesting market period.

The Elliot waves for the last 5 count don't really sit well in form but the count can be shoe horned to fit.
We just about pricked the 150 day EMA for a bounce

Both technical boxes ticked but rather unconvincingly

At the same time this could very easily ve a wave 4 before the final drop to bottom.
and here we have a technical triangle which will likely make the decision before the price has to breach ~13k to prove the count invalid.