Inverted Head & Shoulder is still in play. Don't expect Elliott 5th wave arrival for a BTCUSD @ 5.800 , it will never come. The new micro trend lines are there in charge, and where the pitchfork shows will take us back to USD 12.000 by late February. USD 9.000 resistance will be broken until Feb.15th slowly this time. USD 10.000 until end of Feb. March will...
If Elastic $XEL can not grant us a much-delayed pre-Chistmas break-out , we should be careful with it. The correction before 10k #BTCUSD may either be the script on Elastic's tomb or make you rich. #DYOR
Maybe we don't need to wait for a whole week ? :) Yes I am a fan of $XEL and subjective !
Once the BTC retrace gets stabilised on a temporary support between $6.400 - $7.000 next week, $XELBTC will be ready for a confirmation of a breakout over 0.0000504 . Agree ?
Long waited breakout approaching, just a couple sideway weeks more
Even if not an immediate bounce, likely to compensate by mid-October.