Hello Steamians and Cryptolovers...
Just a quick up date on my findings. So as explain in my previous article https://steemit.com/bitcoin/@sheldonassad/possible-bitcoin-breakout-scenerio-unfolding
I believe we are in for a Massive wave 3 set up. The reason being is that we are seeing wave 2 counts being completed from Cycle degree all to intermediate degree...which just finished this morning i believe. As it completed a 5 wave count and then finally popped thru the upper resistance. Here is my updated analysis
The pink is intermediate degree...the greyish waves are minor degree and the blueish one is minute degree which just finished a five wave count to finish the minor C wave...completing a wave 2 intermediate degree.
Apologies if that is hard to understand stand. Not the easiest to explain. Either way we are seeing resistance at the mid line of the small trend channel i cooked up. we should see a pop passed that today i'm guessing and then hopefully start seeing a channel to the upper trendline of the massive channel that has been going on since new years. We need to see bitcoin close over 9600 to confirm trend change.
That's it for my quick update.
Upvote if you found this helpful. Thank you for reading
