$BTCUSD - Market Analysis for Jan 2nd, 2019

So far the Dec 27th low at 3622 has been well defended on Bitcoin, so the near-term bullish blue count remains in control. A successful break above the December highs can take price to 4855 next as blue wave (iii) of iii.

BTCUSD - Micro - Jan-02 1308 PM (1 hour)
BTCUSD - Micro - Jan-02 1308 PM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.