ביטקויןמעודכן BTC bulls vs bears; 8400 as major support
Seems like we have finished our Wave 1 with clear 5 waves up. However, many Ellioticians would argue on different counts but if you measure each wave using fib extension, the waves make sense.
Right now, we need to see an upward retracement to confirm if BTC is currently on an ABC correction with 8400 as the lowest target. Although that's too shallow of a Wave 2 retracement, but if we move lower, then expect a bounce somewhere near the 0.5 fib retracement (8200).
Right now, we need to see an upward retracement to confirm if BTC is currently on an ABC correction with 8400 as the lowest target. Although that's too shallow of a Wave 2 retracement, but if we move lower, then expect a bounce somewhere near the 0.5 fib retracement (8200).
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Channel acts as good support tooהערה
Channel definitely was good support. Expect a bounce here. Then a bear flag and another move down. Maybe to the 0.5 retracementהערה
8245 which is the 0.5 retracement could be the major decision point for buyers hereהערה
Forming a channel here. Need to break on either side to confirm a change in trend.הערה
we're about to bounce. maybe? just maybe.הערה
bullish divergence, eh?הערה
waiting for one more leg down til we reach that green boxהערה
then a bounce up to wave C until Sunday. Monday is usually a profit taking dayהערה
Possible that we have finished the ABC wave. But I dont know if this is the end of the correction. We still havent hit 0.5 fib so, maybe, this is is just Wave A of a bigger ABC wave.We need more data to confirm as to where we are going next. We need to see the bounce then confirm what will happen next
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8500 support incomingהערה
will this trendline support hold?הערה
if we reverse from 8500, expect an uptrend until Sundayהערה
could be the last push by the bearsהערה
just a little bit more. if BTC goes lower than 8400, then 8300 is the next target.://
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If we breakout above this channel, then the correction is over.
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.
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.