BTCUSD
As you can see in the chart, Bitcoin has broken out of a consolidation range triangle to the upside, which is bullish. The next area of possible resistance is around the $8,500 USD level.
In terms of Elliott Wave, we have a nice 5-wave move coming from the lows, which I will call Wave 1, follow by a 3-wave move, which I will call Wave 2, as seen in the chart. Sometimes we have a pattern within a pattern.
The incoming Wave 3 impulse wave that is in progress, should take us above $10,500 USD soon, maybe in the next 2 weeks or less. But could be more.
Good Luck in Your Decisions
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