BTC price ranges

٢٨ فبراير ٢٠١٨

Here's a chart showing BTC's future price consolidation ranges and price jumps between them, following the volume profile. We can also see that Bitcoin's price starts forming last 5th Elliott wave, which I anticipate topping out around $13000-$13500, just as shown in my update for the previous chart. If the $13500 resistance is strong, we could see a small correction down to $10500. If you see the momentum, trading the price jump between 11.5k-13K would give some nice short term profits. The trend lines showing prevailing emotions and media status are mainly drawn for fun, although these could be somewhat useful in a bullish market :)