Bitcoin Update: Critical Support & Elliott Wave Levels To Watch
Bitcoin here is the thing...
1. For now drop is not impulsive, so can be correction
2. 4th wave pullbacks will ideally stabilize near 50/38.2%. Just testing the important zone 77k-85k
3. Old high and unfilled gap are crucial to cause a bounce, otherwise the major high is in
4. You don't want to see this fourth wave breaking the lowest base channel line, otherwise top is in.
5. Bullish resumption for wave 5 when/if 93700 overlaps
6. This market wont go up unless risk-on is back
GH
1. For now drop is not impulsive, so can be correction
2. 4th wave pullbacks will ideally stabilize near 50/38.2%. Just testing the important zone 77k-85k
3. Old high and unfilled gap are crucial to cause a bounce, otherwise the major high is in
4. You don't want to see this fourth wave breaking the lowest base channel line, otherwise top is in.
5. Bullish resumption for wave 5 when/if 93700 overlaps
6. This market wont go up unless risk-on is back
GH
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👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.