Bitcoin at key resistance area

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
  

Kommentar:

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

Kommentar:

Dipping down towards elliott wave channel

Kommentar:

On way back to retest previous support