Bitcoin TA
Hello,
This is 2 hour frame chart , $8900 will be a good buy zone.
The Elliot wave says that if wave 2 does not retrace much then wave 4 will do retrace alot. And also wave 4 cannot enter wave 1 territory, otherwise that will simply imply wave impulse failure.
Since wave 4 has already retraced much more we see that it should finish off the wave 4 around $8900 and start wave 5 journey.
Hope it worksout.
New learner.
This is 2 hour frame chart , $8900 will be a good buy zone.
The Elliot wave says that if wave 2 does not retrace much then wave 4 will do retrace alot. And also wave 4 cannot enter wave 1 territory, otherwise that will simply imply wave impulse failure.
Since wave 4 has already retraced much more we see that it should finish off the wave 4 around $8900 and start wave 5 journey.
Hope it worksout.
New learner.
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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.