13k Strong Resistance point for BTC, Short-term resistance?

22 feb 2018

So here is something odd and impressive I found when looking more in depth at the chart of XBTUSD. I applied the EW technique and saw the 5 wave pattern, each bounced off nicely from its fib ratios, but then I get a bit more curious when trying to look at the lenght of wave 5 and its price projection, so I decide to draw a price range for wave 1 and place it over wave 5. Suprisingly, I see that the price range fits one importance resistance which is 13k. This is a bit surprising and will we watching our for that value.