BTCUSD: Short-Term Levels

4 May 2017

Strong upside momentum allows for new record highs every day. It's becoming more evident that the market is trending in the large Wave 3. The short-term chart (m15) shows a cluster of resistance @1563-1569. I would like to draw your attention to the Pitchfork: as long as the price stays within it, the micro trend is clearly bullish. The first sign of a pullback would be the brake of the lower pitchfork line.