based on Elliot Wave principle
BTC now near to first wave territory & if the price break 33000 zone, its going up to 37000 price zone (FIB level1.618) to complete the wave 5 of wave 1 (impulsive).
but if price can't break the 33000 zone, in this case wave 4 will ended then the price will pull back to down trend to preform the fifth wave of wave C.
note that there is a bearish divergence on daily time frame, as the BTC now at Fibonacci cluster zone.
do your own math, trade save
kindly if you like my analysis follow me.
regards
but if price can't break the 33000 zone, in this case wave 4 will ended then the price will pull back to down trend to preform the fifth wave of wave C.
note that there is a bearish divergence on daily time frame, as the BTC now at Fibonacci cluster zone.
do your own math, trade save
kindly if you like my analysis follow me.
regards
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.