Bitcoin Trading | Sell & Buy Orders | Elliott Wave - Part 2 D
Updated
*Continuation of Part 1
BTC/USD - Daily Chart
Primary 2 (blue) Structure - Double Zig-Zag
Zig-Zag in Intermediate (W) (pink) followed by another Zig-Zag in Intermediate (X) (pink).
Intermediate (Y) (pink) - Expectations
Bearish Three-Swings sequence, within a Zig-Zag, 5-3-5.
Primary 2 (blue) / Intermediate (Y) (pink) - Termination Points
Golden Ratio (61.8%) - Fibonacci Retracements of Primary 1 (blue).
* 78.6% if sell-off extends.
Dominant Trend - Levels in Focus
61.8% FR: $7495
61.8% FR: $5550
BTC/USD - Daily Chart
Primary 2 (blue) Structure - Double Zig-Zag
Zig-Zag in Intermediate (W) (pink) followed by another Zig-Zag in Intermediate (X) (pink).
Intermediate (Y) (pink) - Expectations
Bearish Three-Swings sequence, within a Zig-Zag, 5-3-5.
Primary 2 (blue) / Intermediate (Y) (pink) - Termination Points
Golden Ratio (61.8%) - Fibonacci Retracements of Primary 1 (blue).
* 78.6% if sell-off extends.
Dominant Trend - Levels in Focus
61.8% FR: $7495
61.8% FR: $5550
Note
Primary 2 (blue) Structure - Double Zig-Zag
Zig-Zag in Intermediate (W) (pink) followed by another Zig-Zag in Intermediate (X) (pink).
Intermediate (Y) (pink) - Expectations
Bearish Three-Swings sequence, within a Zig-Zag, 5-3-5.
Primary 2 (blue) / Intermediate (Y) (pink) - Termination Points
Golden Ratio (61.8%) - Fibonacci Retracements of Primary 1 (blue).
* 78.6% if sell-off extends.
Dominant Trend - Levels in Focus
61.8% FR: $7495
61.8% FR: $5550
Note
Note
Minor C (red) is unfolding.Trade closed: target reached
Bearish Targets reached.Trade active
Long BTCUSDNote
Triple Three pattern, correction extending in its complexity.5500
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