BitcoinLong
If BTC Holds near 7.5k, Start of Wave 5 Elliott Impulse Wave
Could be looking at bottom retracement of bullish BTC move now, still possible drop to 0.62 Fib retracement near 6.8 k. If does not hold look at this level for further bearish sentiment and if break below 5.8k impulse wave is busted and will see very large drop in price. If holds above 7.5k now, could see ceiling lift to newer high near 8.6k.
Disclaimer
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.