Sunny Skies Ahead? (AKA - IS the surf up?)
Volume spikes on the last two candles look to me like another set of waves is incoming - only time will tell!
If BTC can close the daily in the cloud we may have sunny skies ahead.
Watch closely to see if a "1-to-5" Elliott Wave continues to unfold. Closing above the .5 Fib (~12.5k USD) and the .382 (~
14K USD) Fib in the coming days could see us soon testing the ATH at 20k again by end of month.
Closing below the .618 Fib (~11k USD) could see cloudy skies ahead, with that possible support turning back to a point of resistance and a possible test of the .786 (~8.5k USD) by the end of the month.
Please remember I'm looking at the DAILY here. Great if you're wondering where we'll be end of month - a closer eye will find a HUGE band of possible highs and lows within that time.
Happy Hunting! =)
If BTC can close the daily in the cloud we may have sunny skies ahead.
Watch closely to see if a "1-to-5" Elliott Wave continues to unfold. Closing above the .5 Fib (~12.5k USD) and the .382 (~
14K USD) Fib in the coming days could see us soon testing the ATH at 20k again by end of month.Closing below the .618 Fib (~11k USD) could see cloudy skies ahead, with that possible support turning back to a point of resistance and a possible test of the .786 (~8.5k USD) by the end of the month.
Please remember I'm looking at the DAILY here. Great if you're wondering where we'll be end of month - a closer eye will find a HUGE band of possible highs and lows within that time.
Happy Hunting! =)
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