The bullish count from 2 weeks ago just turned even more bullish:
Today BTC headlines are full of articles concerning "CME group about to launch BTC futures soon"
Well, Elliott Wave rules state that an event shall arrive to justify the forecast. So people think BTC is mooning because of news... I don't believe in news.
Right now it looks like BTC $10000 could be reached, before the next big drop in price. An intermediate-term target is expected to form in the range of $7000-$7500.
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
