FibnFork

Bitcoin at key resistance area

FibnFork Actualizado   
COINBASE:BTCUSD   Bitcoin
Area we're looking at
  • Previous 27th december high of $16490
  • .618 retrace of 17/12 -> 22/12 fall
  • Near term end of 5th wave? Parallel channel connected off 1st-3rd/2nd-4th waves seem to indicate it
  • .1 extension off 2nd - 3rd - 4th wave
  • Rsi nearing 80
  • Medium term Channel high at ~17k
Comentarios:
2 tests at breaking this parallel channel/17k level properly.
Need momentum/volume for a clean break like previously on 5th jan and 2nd jan
Comentarios:
Dipping down towards elliott wave channel
Comentarios:
On way back to retest previous support
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