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Bitcoin Technical analysis 11/16/18

2822
ABCD Falling wedge final wave starting to paint :)

Looks like we triggered some downside to the .786 fib!

lets take it all the way to $5,000 and get a flush new cycle off the .786

we could always trigger upside here also here is the ALT count for that . snapshot

Overall this is pretty heavy Resistance at $5,900 as support so we need to see that broken above to confirm that the early bottom would be in.

but I think it makes more sense to have a clean test of the .786 on this wave

after we test support the future is bright :)

Stay profitable out there!
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