Bitcoin CMP $84640
Elliott- wave 1 has its own five waves and hence it is an impulse wave. The vth wave is over facing resistance at 87420.We also have the slowest MA at the same zone. Making the zone a strong reversal point.
Fib- the 2nd wave correction is likely to come down to 72100 , where two faster MA support is cutting the fib zone at 72100.
Conclusion - if u missed the first wave, nothing to worry about, use this dip to enter. Also the resumption of uptrend in crypto is an indication of weakness in the Dollar. Yet another asset class is telling me risk trade is on.
Elliott- wave 1 has its own five waves and hence it is an impulse wave. The vth wave is over facing resistance at 87420.We also have the slowest MA at the same zone. Making the zone a strong reversal point.
Fib- the 2nd wave correction is likely to come down to 72100 , where two faster MA support is cutting the fib zone at 72100.
Conclusion - if u missed the first wave, nothing to worry about, use this dip to enter. Also the resumption of uptrend in crypto is an indication of weakness in the Dollar. Yet another asset class is telling me risk trade is on.
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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.