Today will give some shorter update as not much has changed from my yesterday post.
In the 15 minutes chart i can see some very positive things going on. Checking the candles and volume behind it, we can see a smart money game play to accumulate more BTC. The price has been pushed into stop losses to trigger them and to buy back all coins for a discount.
The Elliot wave can be counted as shown meaning we are working on a correction after 5 waves up. As it looks we are about to see wave c which is usually ending up in the area of wave 4. This lines up nicely with the cloud. From here we shell see wave 3 which is 1.618 of wave one = a target of 6,562 usd, following the red arrow.
In the 4 hour chart i marked a area of resistance which we can brake easily IF in wave 3. From here we should see the next correction starting to take place.
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