BTC is at least cooling down from a furious rise in just 3 days. This strength is typical of the midst of a complete move, being often a third of third according to Elliott wave principles. This implies we will see sideways action then followed by a resume of the uptrend, but with less momentum. Current pull back is not expected to be deep, and 38.2 % retracement @ 4775 shall offer good buying opportunity. This sideways will allow Stochastic to retrace from overbought territory.
Unless 4050 is broken, keep looking higher.
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Unless 4050 is broken, keep looking higher.
The TTH team is pleased to announce the grand opening of its Slack team. You will share trading ideas with our community, improve your trading skills, benefit from live intraday technical analysis and strategies. Video sessions with TA teaching and concrete cases are on the agenda too.
Welcome bonus with a free trial
Link to the : Slack team
If you want a preview of our analyses,
follow us on Twitter
follow us on : Facebook
follow us on : LinkedIn