BTC/USDT - corrective wave is about to end - next target for BTC
Elliott's pattern consists of "impulsive waves" or "main trend" and "corrective waves" or "sideways trend"
- The time of impulsive waves are much less than corrective waves
- The impulsive waves have much larger fluctuation amplitude of price than the corrective waves
Next target: $5750 - $6130 - $6430
- The time of impulsive waves are much less than corrective waves
- The impulsive waves have much larger fluctuation amplitude of price than the corrective waves
Next target: $5750 - $6130 - $6430
Note
We have resistance levels at $5750 - $6130 - $6430The $6430 is considered a strong resistance,
as it has supported BTC many times
without being reduced further than this level last year.
Note
This is H4 timeframeNote
Note
DONE $6430
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Related publications
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.