Currency Pair: BTCUSD
Timeframe: D1
First of all, conditions for this analysis are:
I won't go thru a longer discussion and irrelevant information here. In brief, You can see a cup and handle chart pattern has already formed. Also the second Elliott wave is going to end. Starting of the 3rd wave can screen a massive bull run with a big green candle. Trading above 6600 anytime will smash away 6800 resistance as many ones are in the psychological bull run.
What you are thinking BTC price is heading today? Let me discuss it with you in the comment section.If you like my analysis hit the 'Like' button please. Keep in mind that, an analysis isn't a financial advice.
Timeframe: D1
First of all, conditions for this analysis are:
- Closing price must be greater than the opening price of today.
Breaking 6350 support line anytime will be invalided this analysis.
I won't go thru a longer discussion and irrelevant information here. In brief, You can see a cup and handle chart pattern has already formed. Also the second Elliott wave is going to end. Starting of the 3rd wave can screen a massive bull run with a big green candle. Trading above 6600 anytime will smash away 6800 resistance as many ones are in the psychological bull run.
What you are thinking BTC price is heading today? Let me discuss it with you in the comment section.If you like my analysis hit the 'Like' button please. Keep in mind that, an analysis isn't a financial advice.