Bitcoin Price Update - Technical Analysis

Welcome Back!

As you can see we have bounced from the close of wave C with sufficient volume to validate this count.
The volume is supporting the upward momentum and below is our primary count to complete the ABCDE correction since the 16th Dcemember.

Wave D completion - 04/10/18 - 04/14/18
Price range - $7950 - $8150

Wave E completion - 04/22/18 - 04/26/18
Price range - $6050 - $5850

After the completion of this correction, i personally believe we could see the long behold bull run which is being highly speculated.

Below shows the double bottom formation which so far is a valid count.
We could see a huge impulsive wave after the correction is over and we have truly bottom out.

But..... lets not get ahead of ourselves just yet.
Usually a descending triangle will break out downwards..

Once the correction has been completed it will be nail biting moments for investors on the sidelines waiting see which impulsive wave will be decisive,

The Bears? or the Bulls?....

Stay tuned for daily Bitcoin updates!

(This is not financial advice, this is purely for entertainment and educational purposes)