Short potential, Mercury cazimi the Sun has pulled price to exact, Top of channel hit and fractal from My has finished. Square of $12365 has not been passed so caution on going long.
Price to continue once breaking $12k, strong resistance at June 19 high
Retrace to the 38.2 fib, trend hit and looking to continue on up.
elliot wave nearing wave 5 Reversal at weekly trend around 9770. 9770 is a sq9 price level of considerable strength.
Mars energised a run which will see the reversal set in by 11pm tonight.
Astro points are coming into line to see a drop in price over the coming days. The strongest signal should be Saturn 0 Jupiter on the 8th. The eclipse yesterday kick started the latest wave.
Structure is tightening, Lowers highs have formed on the daily and 4 hour, Time cycles close from tomorrow until early July. Major correction due for Bitcoin.
Long wick on the weekly suggesting top has been reached, Rejection of trend and continuation down.
Top resistance band was hit near the $9800 level, looking to short back to the daily trend ans the triangle formation continues. $9000-$9100 area target.
Several indicators i use are showing a short opportunity is approaching. I believe this will signal the end of the 9K + zone for the medium term. Daily fib levels are $7700 and $7000 if we break $8600
$9500 level broke, currently price is testing the Daily trend, I expect a continuation of a correction on the Daily chart. Targets are Fib levels of $7700, $7000 and $6250. Long term swing low date i am testing is the 30th May.
Price has pulled back to 38% at $9500 zone, Now looking for a long to previous high, next level if we break that is $10500 zone. Positive energy from 1PM.
Price is about to retest the main trend and previous high of $9500. Energy supports move to the upside in the next 24-48hrs. Time is up May 15th on this run.
Price cornering to break out, positive energy available over the next 24hrs to support move.