Hey guys,
As you can see the bottom of the triangle is hitten (as expected) once again.
We have bounced from it which most likely means that we will retest it again and if we hold it we might head back to the 10k levels.
( !Be carefull with trading tho: Since what is happening in the world at the moment we are not sure what the next movements from BTC will be....
As you can see we might be ready for a wave 5 up which will lead us to a higher BTC.D which leads to more money going into Bitcoin.
At wave 1 you could see a spike up and then a major down with lower highs and then BOOM wave 3 went up by alot.
I think the same thing will happen with wave 5 as you see we went really high at wave 3 we made lower highs at wave 4 and...
As you can see we are going to test the 0.5 fib retracement and the 1.618 of the fib circles both are really good resistance and if we break it we can go up alot but if we gonna reject is which is most likely we are gonna go down again and that means alts are gonna get destroyed once again because of the btc dominance.
We shall see what happens the next hours!
Bitcoin having a bull flag right now which leads up wards.
This goes with the current trendline on the chart.
With BTC testing 8k and rejecting 2 times the past days could mean the resistance is easier to break this time.
I think that BTC will try another test on the 21MA and might break it this time.
The past month we have been seen alot of green
We might be trying to break the current upwards trendline for the past month.
This could just be a test of the current trendline but this is just a heads up.
Maybe creating a double bottom?
