josepgomes

BTC/USD Update - Bull run still on track?

josepgomes Updated   
COINBASE:BTCUSD   Bitcoin
Following elliot wave we can se that maybe we need a bigger correction in the current wave. Double top formation?

If it bounces higher than wave 1, then we are on track to wave 5.
If it breaks wave 1, then we are again in a downtrend
If it keeps rising, then we maybe are in wave 5!
Comment:
BTC broke the resistance, let's see if it closes above!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.