BTCUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Almost all targets from my last local setup was reached.
Right now we have 2 possible options:
Yellow: if the price manages to consolidate above 17600 and starts consolidating there, then there is a chance that the market bottom has been found and we can see movement to the ~18500 zone.
Orange: if we get an impulsive strong downward movement - then the target zone will be the same + -15k (Confirmation - fixing under 16500)
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Btctusdt
Wait for a Breakout & PullBack In BTCTUSDWait for a Breakout & PullBack In BTCTUSD.
Like and Comment will be hugely appreciated, thank you so much for your support.
See other ideas below too!
RISK DISCLAIMER:
Trading Futures ,Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
BTC - 15400 Target still holds!Addendum to previous post -
Having more information now, it is starting to look like a triangle zigzag pattern, which usually defines a fourth elliott wave! The target of 15.4k per bitcoin thus still holds, but we have to wait a little longer.
-We have started our 3rd abc wave downward
-Triangle pattern confirmed by the RSI momentum