Bitcoin had a huge correction after may of 2021. as we can see, bitcoin gets down to around 28,000 Dollars after touched 65,000 Dollars.
The price ranged and accumulate during May, June, and July of 2021, then get back to the bullish market by an Elliott wave.
**There is a thing, the Daily chart of bitcoin shows that the price gets above EMA 200 at end of July 2021, so it was the first wave of 5 waves of Elliott, the first correction to the first support level, then another pump...
***Now bitcoin behavior same as before, we had a huge correction after 10th November 2021 then accumulate and now, it above EMA 200, guess what is next move?....
I expect a correction to a good support level and then another pump as the third movement of the Elliott wave.
Thanks
The price ranged and accumulate during May, June, and July of 2021, then get back to the bullish market by an Elliott wave.
**There is a thing, the Daily chart of bitcoin shows that the price gets above EMA 200 at end of July 2021, so it was the first wave of 5 waves of Elliott, the first correction to the first support level, then another pump...
***Now bitcoin behavior same as before, we had a huge correction after 10th November 2021 then accumulate and now, it above EMA 200, guess what is next move?....
I expect a correction to a good support level and then another pump as the third movement of the Elliott wave.
Thanks
Trade active
BTC settle down around 40,000 USD, it's time to wait for the volume to see buyer's behaviors.the 45,000 USD is major resistance for bitcoin.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.