Bitcoin Long Term Chart
We continue to look for BTC to continue higher over the coming weeks. Last time we said ‘Possible correction currently underway.’ Lets look to short term chart to see if the correction is over and if there is a buying opportunity here..
Bitcoin Short Term Chart
The correction infact took the form of a zigzag înstead of the triangle correction we were looking for.If the correction is over then we should stay above the 111900 level wave (iv) low. A break is possible and a test of the bottom of the channel but the BTC must stay above the wave (i) high at 108250 for the bullish view to remain valid. A move below there with out a new high would throw this count into doubt but we remain bullish BTC until then.
Bitcoin 30 minutes Chart
Here is the very short term chart , not much to add with a rally expected anytime .
