* Ignore previous analysis * This is the replacement analysis *
Last outlook we anticipated to have a normal Elliott Wave 5 to the downside. However price had a sharp pullback for an EW: 4 and then completed the 5 wave bearish pattern with a low of EW: 5 at 31084. 40 . Price then traded in a Zig Zag Pattern to form a corrective EW: A. The current analysis is that on June 22, 2021 price completed an Elliott Wave B at 29563. 05 and exactly 6 months ago to the day when price traded upwards from the same support level on January 22, 2021. Our anticipation is for a continuation to the upside in an impulsive manner and will consider the Truncated Wave 5 confirmed once price trades to and stays above EW 4 at 42449.55.
Current Bias is Long BTC and Bearish USD.
Trade Well and Stay Safe !
Last outlook we anticipated to have a normal Elliott Wave 5 to the downside. However price had a sharp pullback for an EW: 4 and then completed the 5 wave bearish pattern with a low of EW: 5 at 31084. 40 . Price then traded in a Zig Zag Pattern to form a corrective EW: A. The current analysis is that on June 22, 2021 price completed an Elliott Wave B at 29563. 05 and exactly 6 months ago to the day when price traded upwards from the same support level on January 22, 2021. Our anticipation is for a continuation to the upside in an impulsive manner and will consider the Truncated Wave 5 confirmed once price trades to and stays above EW 4 at 42449.55.
Current Bias is Long BTC and Bearish USD.
Trade Well and Stay Safe !
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