Elliott Wave Analysis:BTCUSD Bears Are Not Done Yet; Room For 5k
Mis à jour
Good morning traders,
After recent developments on bitcoin I decided to updated you in video as it appears that we are still in downtrend and that this weakness may continue to a new low once again.
There will be time to buy, but just not yet.
GH
After recent developments on bitcoin I decided to updated you in video as it appears that we are still in downtrend and that this weakness may continue to a new low once again.
There will be time to buy, but just not yet.
GH
Note
Bitcoin turned sharply higher, but there is still no signs of a bullish reversal, while it's trading below 8k level, so for now we are tracking deeper three waves of recovery, where price may test and slow down 7000 - 7200 resistance. So, traders should still be aware of a continuation down as this can be just another corrective recovery, drop back below 6k would be very bearish as it would open door for 5k.
Explore our services
👉wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
👉wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Publications connexes
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.