BTCUSD Pivot Point 1H 6/15
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Bitcoin could follow IP4 (internal fib pattern) and go to 7550. It could consolidate under resistance (likely) It's also a breakout area and as it consolidates, a move past 8888 just about solidifies another bull run to 10.2-10.7k. Then 11-13.8k after that depending on the depth of the retrace in a bullish scenario.
If we break down it may signal we're in a larger degree wave correction, and that the last wave to 9090 was a 5th wave to the entire structure. It could also be the first wave of the next bullish leg. I have a few various counts in question and looking for some confirmation. So far nothing.
If we break down it may signal we're in a larger degree wave correction, and that the last wave to 9090 was a 5th wave to the entire structure. It could also be the first wave of the next bullish leg. I have a few various counts in question and looking for some confirmation. So far nothing.
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Here are the two possible wave counts:Nota
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Looking good for the bullsNota
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Noice
Hope you're not a bear.
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