Bitcoin has been trending upwards since April 12. Under my Elliott wave model price is bound to finish wave (5) either in 8600+ area (main scenario) or just above 9000. I will update the chart as soon as there is a reversal signal.
Note
Approaching the target:
Note
This may be the last wave to complete the target
Note
Tragets hit, bearish divergence pattern is complete.
Note
Altcoins are forming continuation patterns across the board. Pay attentionto IOTA, Ripple & ZEC:
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.