After a long time of zigzag and surprising turns, we might be able to understand the BTC chart again.
With the run of BTC throughout the past 2 weeks, we might see an Elliott wave moving from one resistance to the next.
I first recognized these waves a week ago and it seems as if the chart is following so far, which is why I want to share it with you.
Important...
It looks like BTC could be forming an inverse head and shoulders pattern on the 4-hourly BTCUSD (bullish).
This implies holding the 20week MA this week.
If it plays out, I would expect good momentum to go back to the 60k with BTC.
Very interesting how it will play out! Let's see!
No financial advice - just something I recognised as inspiration!
Always consider...
NOT FINANCIAL ADVICE - Just my interpretation. Always consider downside risk
But if XRP history from yesterday repeats, we might be looking at 7% gains - potentially even breaking resistance to a target of ~2USD. Super short-term.
