BTCUSD: Quick analysis
Updated
Fib channel and Elliot wave showing our corrective zones for completion of short term correction,
8h chart showing the levels to be watching if no eq break up from a current completed C , BTC still showing she is still yet to complete the end of wave C before further upside, I will go into more detail at a later date , for now playing scalp trades inside the current channel is worth while taking entry notes via stoch rsi , macd , and KC band confluence until we either break up out of EQ into a wave 1 or wave B of primary ss count meaning 1 more corrective leg , we are coming close to the end of a wave, as far as technicals , BTC is looking pretty maxed out on most TF'S not to say full may enter the tank at anytime, but from a technical stand point, a tight scalp stop under and above current wicks playing os/ob conditions or patently awaiting a breakout or breakdown into ranges of technical interest .
8h chart showing the levels to be watching if no eq break up from a current completed C , BTC still showing she is still yet to complete the end of wave C before further upside, I will go into more detail at a later date , for now playing scalp trades inside the current channel is worth while taking entry notes via stoch rsi , macd , and KC band confluence until we either break up out of EQ into a wave 1 or wave B of primary ss count meaning 1 more corrective leg , we are coming close to the end of a wave, as far as technicals , BTC is looking pretty maxed out on most TF'S not to say full may enter the tank at anytime, but from a technical stand point, a tight scalp stop under and above current wicks playing os/ob conditions or patently awaiting a breakout or breakdown into ranges of technical interest .
Note
key price point Targets and support/resistance yellow/goldLocal support and res, Red and green,
Price ranges for Targets we are looking at
Scalp Long targets - 35318 - 37752
Swing targets Long 42621-46892 - 48667 - 51656.
Buy ranges scalp and swing : 33393 (current price if reversal from miner golden zone ,
31291 - 27492 - 26k - -21/22k range - 10500
this is not financial advice just personal observation and technical analysis thesis.
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