Elliot Wave - BTC Analysis Long Term and Short Term - Will 5k break - 3/28/2016
Long analysis:
For those who know Elliot wave theory, symmetrical triangles are formed in 3-3-3-3-3 and labeled ABCDE. Which I have done below its quite obvious easy analysis. But if we break these lines down its 5k next.
Long term 2+ Weeks
Watching BTC for days and have noticed it form a nice structure here which can be classified as a double three. Finishing the last zigzag here nice volume has come in and caused an impulse wave to around 7.9k. Looking for it to have continual volume and support above the 13 ema.
Short term 1+ days
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For future viewers: price of bitcoin at the moment of posting is 7878.00USD
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