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Ascending triangle spotted + APEX point nearing
Bitcoin
Ascending triangle spotted + APEX point nearing
By wickassassin
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Updated
Feb 9, 2018
3
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Feb 9, 2018
Scenario 1: we're up trending from here on continuing our first Elliot wave up.
Scenario 2: This is the B leg up from the ABC correction from our last 5 waves up.
We see slight divergence on MACD, we see volume picking up but not by much.
Will the bulls push on towards our next resistance?
The decision point is nearing soon....
Feb 9, 2018
Comment
In scenario 2 we got support from our 55EMA + the 8088 fib level which we likely conclude the end of wave C.
Technical Indicators
Trend Analysis
Wave Analysis
wickassassin
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