BTC/USDT - corrective wave is about to end - next target for BTC
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Elliott's pattern consists of "impulsive waves" or "main trend" and "corrective waves" or "sideways trend"
- The time of impulsive waves are much less than corrective waves
- The impulsive waves have much larger fluctuation amplitude of price than the corrective waves
Next target: $5750 - $6130 - $6430
- The time of impulsive waves are much less than corrective waves
- The impulsive waves have much larger fluctuation amplitude of price than the corrective waves
Next target: $5750 - $6130 - $6430
Note
We have resistance levels at $5750 - $6130 - $6430The $6430 is considered a strong resistance,
as it has supported BTC many times
without being reduced further than this level last year.
Note
This is H4 timeframeNote
Note
DONE $6430
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