Get started
sebastian.seliga.7

Bitcoin #BTCUSD - possible scenario to the downside

Short
Bitcoin (BITSTAMP:BTCUSD)  
sebastian.seliga.7 Updated   
BITSTAMP:BTCUSD   Bitcoin
Wave Analysis Elliott Wave Bitcoin (Cryptocurrency) BTC BTCUSD Cryptocurrency elliottwaveprojection elliottwaveretracement elliottwavecorrection
43
4
waveanalysis elliottwaves bitcoin btc btcusd cryptocurrency elliottwaveprojection elliottwaveretracement elliottwavecorrection
It looks like the recent breakout above the trend line might be a fake breakout. This is the current scenario that indicates a possible drop towards the level of $7,721.
Comment:
To be or not to be.
Interesting levels.
Targets on Chart.
snapshot
Comment:
The horizontal correction is getting stretched in price and time, but it does not mean this would be the second wave X in development, because as soon as the level of $7,890 is violated we will have the first confirmation that the low of the wave 2/b is in place.
snapshot

Related Ideas

sebastian.seliga.7
Bitcoin #BTCUSD - still more downside possible
sebastian.seliga.7
Bitcoin #BTCUSD - more downside in view
sebastian.seliga.7
BTCUSD - correction not completed yet
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.