Bulls & Bears prepare
Breaking out of the falling wedge I'm expecting sidewards movement for the next couple of days as the bears and bulls take their positions for the next big movement. If the support is broken, I see ~2500 for Christmas, if resistance is broken, I expect a run up to 5500. Using the Elliot wave is think this latest fall was Wave 5 : The Final leg in the direction of the dominant trend. (Zoom out to see where I've place 123&4)
I've also left the Bakkt release date in the chart, I still think that it has the potential to be a catalyst for some big price movements once its up and running. It's going to be an interesting start to 2019!
I've also left the Bakkt release date in the chart, I still think that it has the potential to be a catalyst for some big price movements once its up and running. It's going to be an interesting start to 2019!
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