Bitcoin analysis using Elliott wave theory
BTCUSDTAs seen the first part pf the zigzag is going to complete around the PRZ zone (24K-28K). In my opinion, the 28K is a great support due to the existence of bulls supply zone.be careful and check the supply zones in the bellow mentioned post.
Note
30K support is also important to be taken care of. there is 1.62% external Fibonacci retracement level of larger cycle's correction (2017). moreover , this level coincides with 0.62% Fibonacci retracement of the previous impulse wave in uptrend.Note
The price reflected to the above PRZ zone.
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.