Bitcoin 1-Hour Elliott Wave Analysis
Hello traders,
In this Elliott Wave analysis, we will have a look at Bitcoin In the 1-hour time. Bitcoin ended the cycle from 05/05/18 peak at 06/24/18 low and it is currently correcting the cycle from 05/05/18 peak in 3-7 or 11 swings before it can turn lower again.
The cryptocurrency ended the cycle from 05/05/18 peak in blue wave (A) at the low of 06/24/18 (5757.72). The internals from blue wave (A) unfolded in 5 waves.
Up from 06/24/18 low, it ended red wave W at the peak of 06/30/18 (6514.75) and red wave X correction at the low of 07/01/18 (6262.50). As long as the pivot at 5775.46 low in our distribution system stays intact we are expecting Bitcoin to continue its correction higher to the cycle from 05/05/18 peak before turning lower again.
In this Elliott Wave analysis, we will have a look at Bitcoin In the 1-hour time. Bitcoin ended the cycle from 05/05/18 peak at 06/24/18 low and it is currently correcting the cycle from 05/05/18 peak in 3-7 or 11 swings before it can turn lower again.
The cryptocurrency ended the cycle from 05/05/18 peak in blue wave (A) at the low of 06/24/18 (5757.72). The internals from blue wave (A) unfolded in 5 waves.
Up from 06/24/18 low, it ended red wave W at the peak of 06/30/18 (6514.75) and red wave X correction at the low of 07/01/18 (6262.50). As long as the pivot at 5775.46 low in our distribution system stays intact we are expecting Bitcoin to continue its correction higher to the cycle from 05/05/18 peak before turning lower again.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
14 days trial --> elliottwave-forecast.com/amember/go.php?r=2670&i=l3 and get Accurate & timely Elliott Wave Forecasts of 78 instruments. Webinars, Chat Room, Stocks/Forex/Indices Signals & more.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.