Bitcoin going just as expected

2018年5月2日

Like I have mentioned yesterday, we should be watching if Bitcoin will break above $9,200 or not.
I said if it does break above, my wave count becomes invalidated.
Unfortunately, it was heavily resisted and got rejected, and thus my wave counts and targets stand still.
That spot was heavy resistance area also because it is where our down trendline passes (orange line).
Those who understand Elliott wave, we are in sub-sub-wave 5 of sub-wave C of wave 4.

Still, if it goes over 9,200, I will change my count as bullish and have to consider current sub-wave 3 of wave 5.
I should say chances are 50 to 50.

2018年5月2日

註釋

Bearish divergence showing as well