Technical Analysis in Bitcoin. Elliot Wave, technical patterns and volume profile analysis used.
Let's see the bigger picture first:
Key levels and bear trend channel still being respected from prior analysis
Clearly on the upper bounds of the bear channel. After breakout, Bitcoin will have several % to move without major resistances.
Also check out the accumulation pattern in volume.
Bear target has been reached and now is headed to the bull target of the prior analysis. Price is still bounded.
There is a potential bullish pattern being confirmed. Check out the bull flag. They are continuation patterns of the prior bullish move.
