Trading Bitcoin | Buy Orders | Elliott Wave (Mar 2020) - Part 2
Updated
Primary 2 (blue) Structure - Triple Zig-Zag
Zig-Zag structures in all intermediate degree waves, (W)(X)(Y)(X)(Z) (pink).
Intermediate (1) (green) - Leading Diagonal
Motive Wave structure, in an ascending wedge formation.
Intermediate (2) (green) - Zig-Zag - Termination Points
Golden Ratio (61.8%) - Fibonacci Retracements of Intermediate (1) (green).
* 78.6% if the bearish correction extends.
Dominant Trend - Levels in Focus
61.8% FR: $7980
61.8% FR: $7300
Zig-Zag structures in all intermediate degree waves, (W)(X)(Y)(X)(Z) (pink).
Intermediate (1) (green) - Leading Diagonal
Motive Wave structure, in an ascending wedge formation.
Intermediate (2) (green) - Zig-Zag - Termination Points
Golden Ratio (61.8%) - Fibonacci Retracements of Intermediate (1) (green).
* 78.6% if the bearish correction extends.
Dominant Trend - Levels in Focus
61.8% FR: $7980
61.8% FR: $7300
Note
Note
Bullish impulse has been delayed, structure became more complex. This does not mean that BTCUSD is not destined to start the expected rally. This only means that the Triple Three correction has been prolonged in duration and time. A rise is in the menu, and should be starting very soon.Buy BTCUSD on the last dip, that's all I can say.
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