For me, the possible movements of the trend with the application of Elliott's rules are those of the graph. Bitcoins have not broken the resistance at 7,400k USD, by interpolating Elliot's main wave of impulse (Step 5). So now the price follows the waves (ABC) and now it's on (A). The Elliott wave indicates a possible path and price levels, which corresponds exactly to the Fibo graph plotted on the beginning of the pulse wave. Hence it is desirable that in case of bearish the price will go to 6.3 and 5.8k USD. Probably in the next few days.
#surfthetrend
#surfthetrend
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Bull Trap...
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Target (B) Reached, Now let's see what happens.
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Wave B: Reached
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Corrective and ZigZag into (Master Waves section (A-B)
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Bearish Divergences
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H&S
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Hidden divergence has preannunciament this movement
Comment:
Wave + Correction Triangle, Top Flat, Bottom rising.
