BTC Price update
Well, when I told "when bulls really want it, they don't care about any gaps and just drag the price upwards.", as that's what we can see now.
The price has broken through the important resistance with an impulse and upward direction remains actual. There are two major resistances above - $8800 and $9000, if you hold LONG, you can consider closing one there.
Now the text for nerds: ABC correction has finished, and already now
BTC is forming a 2-3 wave. Currently the price is located at the point (iii) inside the 2-3 wave of the 1-5 cycle, which will have its end at the $8800. Now I expect to see a small correction to $8400 in order to test this point.
After the successful test, we can expect the price to move upwards to $8800 resistance, from where we can expectBTC to reach $9000, after a small correction to $8550.
The price has broken through the important resistance with an impulse and upward direction remains actual. There are two major resistances above - $8800 and $9000, if you hold LONG, you can consider closing one there.
Now the text for nerds: ABC correction has finished, and already now
BTC is forming a 2-3 wave. Currently the price is located at the point (iii) inside the 2-3 wave of the 1-5 cycle, which will have its end at the $8800. Now I expect to see a small correction to $8400 in order to test this point. After the successful test, we can expect the price to move upwards to $8800 resistance, from where we can expect
BTC to reach $9000, after a small correction to $8550.
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