Hi, checking back into Bitcoin.
This is what I see.
Clear resistance @6850 and @6900 and then @7000$
Depening on the volume assosiated with the bullbreak it can go up to @7200-7250.
If everything goes well the next major resistance is 7800$
Have a great (trading) day.
- Arc
Roadmap to get us out of this correction (ideal setup) & Next key pricelevels to watch.
If we hold 7040$ (preferably, or else 6425$) the bullish wave count is still in place.
Sure you could argue the retracement from 9990$ was bigger than anticipated but the bullish count has not been jeopardized as of yet.
Last update I said we might see a bounce from the 0,5...
Bitcoin nailed the 0.5 retrace (from bottom to top) and is currently testing it's 0.618 and previous downwards channel resistance (previous support).
This bounce from 8200$ has been very very technical. Congratulations on this obvious Long position.
Wave 2 should be completed now (as long 8200$ is our bottom).
Wave 3 will head towards 13000$. That might take...
Bitcoin is still following my previous chart nicely.
It has been in this upwards channel for the past 3 weeks. Until this channel is broken downwards I don't see any problems for the bulls.
I noticed the selling volume (after breaking minor supports, mostly in huge sellspikes) being bought up straight away by big players. And if theres no selling volume bitcoin...
Simple question: Will it breakdown to the support of 8400-8500$ or will it breakup to retest the previous resistances of 9100-9200$?
Share your thoughts.
Bulls still accumulating? Bears are trying hard with little result so far.
RSI is cooling down for another leg up (as long as this ascending triangle keeps intact).
Feedback always welcome. Have a good day!
![BTCUSD: TARGET: 7800$ BTC [1 August 2018]](https://s3.tradingview.com/z/ZZ4aT7jk_mid.png "TARGET: 7800$ BTC [1 August 2018]")
![BTCUSD: BTC short term target [24-36H] 7000$+](https://s3.tradingview.com/u/uo2FUGRs_mid.png "BTC short term target [24-36H] 7000$+")
![BTCUSD: Bitcoin is forming a Symmetrical triangle [Breakout soon]](https://s3.tradingview.com/y/yvC3pXNZ_mid.png "Bitcoin is forming a Symmetrical triangle [Breakout soon]")
![BTCUSD: Updated Bitcoin Roadmap 23-4 [Elliot Wave & Key levels]](https://s3.tradingview.com/m/m1aGL5bR_mid.png "Updated Bitcoin Roadmap 23-4 [Elliot Wave & Key levels]")
![BTCUSD: BTC Roadmap & Price levels to watch [Elliot Wave][Bullish Count]](https://s3.tradingview.com/f/FdYD46Pa_mid.png "BTC Roadmap & Price levels to watch [Elliot Wave][Bullish Count]")
![BTCUSD: BTC Roadmap & Price levels to watch [Elliot Wave][Bullish Count]](https://s3.tradingview.com/p/pPj1m0rX_mid.png "BTC Roadmap & Price levels to watch [Elliot Wave][Bullish Count]")
![BTCUSD: Bitcoin Bullish Elliot Wave Count [Key levels & Roadmap]](https://s3.tradingview.com/3/30dwRLJH_mid.png "Bitcoin Bullish Elliot Wave Count [Key levels & Roadmap]")
