SUCCESSFUL expectation on BTC (see related ideas),what's next?
The reversal zone expected in 05 August was quite obvious but it's always satisfying when it works correctly :)
Now the Bitcoin is testing two times the support I mentioned (also in 05 August) like the two last candles are showing. the scenarios:
- We may assist an ELIOT WAVE if the prices go up and break the strong resistance zone (the C wave) and the Bitcoin will look for new highs.
- The prices could also fluctuate between the 38.2% Fib level and 23.6% Fib level if the 38.2% level is broken down.
In my personal point of view, I think that Bitcoin will go higher, as it has the same analogy with gold, there are some who claim that Bitcoin is the new gold.
Now the Bitcoin is testing two times the support I mentioned (also in 05 August) like the two last candles are showing. the scenarios:
- We may assist an ELIOT WAVE if the prices go up and break the strong resistance zone (the C wave) and the Bitcoin will look for new highs.
- The prices could also fluctuate between the 38.2% Fib level and 23.6% Fib level if the 38.2% level is broken down.
In my personal point of view, I think that Bitcoin will go higher, as it has the same analogy with gold, there are some who claim that Bitcoin is the new gold.
