this is a very contravention chart, we are bullish, at the same time I'm looking for reversal which might be temporary, we have a clear cup of British tea, a trend continuation pattern, market very bullish but according to my Elliot theory analysis, we might be hitting a turning point... what happens next, will be determined by news events of this week, lets see...
as you look at gbpchf you also wanna look at cadchf or eurchf, what you will find is all of them, we are waiting for a slight push down (profit taking) which could have happen today after the release of CHF PPI but nonetheless, the trend is bullish, waiting for just a perfect entry at a cheaper price or should we get break out, then we can follow the masses.
bitcoin has been in bigger wxy completing wave 4, now we just started wave (i) of wave (3) waiting for wave (ii) for entry, we had a huge push, but it left a huge fair value gap, we need to come close the gap and push higher
