premiergeorge

#BTCUSD to test 10k

Long
BITFINEX:BTCUSD   Bitcoin
Although it has fallen back through the yellow support line BTC trajectory is still on course. We are in wave 3 from the $7200 which should get to $10k. Wave 3 is made of 5 subwaves as I have shown in white and the small correction was wave 2/5. It should follow the white lines in 5 subwaves up. Should the candles breach the major red line below then we consider it a wave failure and an alternate wave count is necessary. The 50MA has also provided a platform for a bounce. If you zoom in on the 5 subwaves in a days time, each will also be made of 5 subwaves. Until there is a wave failure were still ontrak and should see it testing 10k in the next 24 hours

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