Bitcoin TA
Hello,
This is 2 hour frame chart , $8900 will be a good buy zone.
The Elliot wave says that if wave 2 does not retrace much then wave 4 will do retrace alot. And also wave 4 cannot enter wave 1 territory, otherwise that will simply imply wave impulse failure.
Since wave 4 has already retraced much more we see that it should finish off the wave 4 around $8900 and start wave 5 journey.
Hope it worksout.
New learner.
This is 2 hour frame chart , $8900 will be a good buy zone.
The Elliot wave says that if wave 2 does not retrace much then wave 4 will do retrace alot. And also wave 4 cannot enter wave 1 territory, otherwise that will simply imply wave impulse failure.
Since wave 4 has already retraced much more we see that it should finish off the wave 4 around $8900 and start wave 5 journey.
Hope it worksout.
New learner.
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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.