BTCUSD - Elliott Waves Analysis - Long

17 mars 2020

Hi, this is a new analysis from the last one. Elliott Waves indicates me, an extension inside de third Wave (3). An opportunity to buy the green box at 5080$ to long this market !

There is a snapshot in this 1H time frame :

17 mars 2020

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There is my Downtrend analysis which showing Bitcoin going lower ->

17 mars 2020

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Target touched at his finest -> Target said 5080$, Target touched 5071$

17 mars 2020

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I expect a correction of 50% to 61.8% of this small increase from the green box. Then I redo an analysis for this rise, here is a snapshot with a change of the wave (WXY).