$BTC Bitcoin price analysis (chart and video)..

Could this be the start of BTC Elliott Wave 5 move up? We are testing a critical support zone here on the .618 fib. We need price to remain above this level for the EW to maintain integrity. Oscillators are showing overbought, and there are signs of life. If we bounce here, it will instill confidence obviously, however if we break this level down to the .786 fib, it could get messy. I'm tentatively short term bullish, I'de say 60/40. This could go either way though. I admit, I have in fact opened a long position with stop losses I'm place if it decides to head south. This would be a risky trade so please dont base trading decisions on my post here. This is not financial advice. Here's a video I uploaded a few moments ago... my analysis on this 1D chart: youtu.be/rIyUXZDF0lU