Bitcoin made sharp reversal and strong recovery last week, which we see it as a five-wave bullish impulse from Elliott wave perspective.
With recent sharp decline into wave (a), followed by current recovery in wave (b), there's a chance for another wave (c) drop to complete a higher degree wave "iv" correction. Ideal support comes around 20.000 level that can also fill the BTC CME Futures Monday's GAP before the uptrend for wave "v" resumes ahead of the weekend.
Happy trading!
With recent sharp decline into wave (a), followed by current recovery in wave (b), there's a chance for another wave (c) drop to complete a higher degree wave "iv" correction. Ideal support comes around 20.000 level that can also fill the BTC CME Futures Monday's GAP before the uptrend for wave "v" resumes ahead of the weekend.
Happy trading!
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Get the full Elliott Wave count at WaveTraders, €20 first month >> @ wavetraders.com/
Learn Elliott Waves Sale-65%
👉 wavetraders.com/academy/
Newsletter
👉 bit.ly/3FVPVzO
Learn Elliott Waves Sale-65%
👉 wavetraders.com/academy/
Newsletter
👉 bit.ly/3FVPVzO
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.