Raul_Dominguez

Elliott Wave Count on Bitcoin

שורט
BITSTAMP:BTCUSD   ביטקוין
BTCUSD

Starting from the March lows, we started a new impulse wave to the upside, from which we already trace Minor Wave 1, Minor Wave 2, and looks like we are about to finish Minor Wave 3 very soon. After that, I expect Minor Wave 4 to follow, which should take several weeks and retrace some of the previous advance, as shown on the charts, follow by Minor Wave 5 to the upside.

Minor Wave 4 should be long and deep enough to allow the 20 and maybe even the 50-day moving average to catch up with the price. Also, the RSI is deeply overbought, well need to correct that by consolidating for a while.

Is hard to pick tops, but it looks like we are close to a short to mid-term top right now.

I hope you find this interesting and good luck to you.

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.