Expecting Consolidation in the 7.7-7.8k range (8-10 hours)

BTCUSD has currently fallen into an ascending broadening wedge, as shown by the Elliot Wave. This leads into a corrective ABC wave, where the B wave hits the fib line, and the C wave bounces us to another fib, which is also a major resistance (4th test here) for the "greater" rising wedge forming.aaa

Kommentar:

excuse the "aaa"