We could expect a retracement. (ABC wave)
On the weekly chart, everything is telling us that this might go that way.
There are head and shoulders patterns. BTC have already had some in the past. They can help us to find support (and B, C points). The length of the leg of these shoulders is the biggest question.
In the past, BTC always come back in the Ichimoku cloud on the Dayly Chart (check it), at least the base line.
The other way, is that the 5th wave is not finished totally. If its not, we will have to update a little bit our chart, but not too much.
We will see soon what happens.
On the weekly chart, everything is telling us that this might go that way.
There are head and shoulders patterns. BTC have already had some in the past. They can help us to find support (and B, C points). The length of the leg of these shoulders is the biggest question.
In the past, BTC always come back in the Ichimoku cloud on the Dayly Chart (check it), at least the base line.
The other way, is that the 5th wave is not finished totally. If its not, we will have to update a little bit our chart, but not too much.
We will see soon what happens.
Comment:
Check the dayly chart link for a zoom
Comment:
the black lines are not support! Circles are!
