Bitcoin Trading | Sell & Buy Orders | Elliott Wave - Part 2 D

*Continuation of Part 1

BTC/USD - Daily Chart

Primary 2 (blue) Structure - Double Zig-Zag
Zig-Zag in Intermediate (W) (pink) followed by another Zig-Zag in Intermediate (X) (pink).

Intermediate (Y) (pink) - Expectations
Bearish Three-Swings sequence, within a Zig-Zag, 5-3-5.

Primary 2 (blue) / Intermediate (Y) (pink) - Termination Points
Golden Ratio (61.8%)  - Fibonacci Retracements of Primary 1 (blue).
* 78.6% if sell-off extends.

Dominant Trend - Levels in Focus
61.8% FR: $7495
61.8% FR: $5550

Commentaire:

Primary 2 (blue) Structure - Double Zig-Zag
Zig-Zag in Intermediate (W) (pink) followed by another Zig-Zag in Intermediate (X) (pink).

Intermediate (Y) (pink) - Expectations
Bearish Three-Swings sequence, within a Zig-Zag, 5-3-5.

Primary 2 (blue) / Intermediate (Y) (pink) - Termination Points
Golden Ratio (61.8%)  - Fibonacci Retracements of Primary 1 (blue).
* 78.6% if sell-off extends.

Dominant Trend - Levels in Focus
61.8% FR: $7495
61.8% FR: $5550

Commentaire:

Commentaire:

Minor C (red) is unfolding.

Trade fermée: cible de profit atteinte:

Bearish Targets reached.

Transaction en cours:

Long BTCUSD

Commentaire:

Triple Three pattern, correction extending in its complexity.

5500