BTC/USDT - Elliott Waves Update
In D1 timeframe, since dropped to 31xx, BTC reversed and increased to 54xx
According to Elliott wave analysis, BTC is under the impulse wave 3 (white)
At the lower wave level, BTC is under the corrective wave 4 (blue)
The next target of BTC to complete the wave 3 (white) is around the 57xx - 60xx area
Caution!
63xx-65xx was the old support zone last year of BTC, now it has become a very strong resistance
When the price hits this resistance, There may be a corrective wave down to 42xx
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According to Elliott wave analysis, BTC is under the impulse wave 3 (white)
At the lower wave level, BTC is under the corrective wave 4 (blue)
The next target of BTC to complete the wave 3 (white) is around the 57xx - 60xx area
Caution!
63xx-65xx was the old support zone last year of BTC, now it has become a very strong resistance
When the price hits this resistance, There may be a corrective wave down to 42xx
** If you like our content follow our profile (tradingview.com/u/DrDarvas/) to get more daily ideas. **
Comments and likes are greatly appreciated.
Note
Note
Check it out guys!! We have 3 positive hereNote
Done target 1
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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.