BitcoinLong
Cautiously Bullish on Bitcoin
Big Picture, I believe Bitcoin is working on wave 5. I've charted the sub-waves as I see them so far. Currently it looks like we're beginning wave C of an ABC correction (AKA wave 2 of the sub-wave within primary wave 5). As long as volume remains healthy AND we can penetrate the strong resistance point around $10,850, Bitcoin may be on it's way to $13,600 in the next few days. If Bitcoin fails to break the critical $10,850 resistance, we might be in for another drop below $10,000. That said, as of now, volume looks very good. I'm cautiously bullish.
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