#btc BTC to 7.5 to 10k area
On the weekly chart I have color coded the path I think that BTC will take.
1 right now its in a year long descending wedge which is BULLISH.
2 elliot triangle suggests that it has 1 more leg down to complete the D leg
3 big head and shoulders has a measured move that puts it lower than 10k (7.5)
4 its forming a double top right now which should put this into a new ascending triangle which is also bullish
The pink arrow is where we are at in the illustrated structure. for me 25k is the top and it should drop it like its hot
-KRJcrypto-
On the weekly chart I have color coded the path I think that BTC will take.
1 right now its in a year long descending wedge which is BULLISH.
2 elliot triangle suggests that it has 1 more leg down to complete the D leg
3 big head and shoulders has a measured move that puts it lower than 10k (7.5)
4 its forming a double top right now which should put this into a new ascending triangle which is also bullish
The pink arrow is where we are at in the illustrated structure. for me 25k is the top and it should drop it like its hot
-KRJcrypto-
KRJcrypto