BTCUSDT Binance

Jun 19, 2020

I would say this is going on a real long move, bulls wait for a breakout above $9600 to place your longs, ZIgzag pattern(5-3-5) indicates B cant go beyond 50%/61.8% of wave A, where bears are currently struggling at,Elliot wave also proves that wave C is equal to wave A movement, which is clearly indicated by the price range move of $650 from $8900. and further proved by move from lows of $9250 towards $9900. using FIbonacci Extension tool in 5 wave pattern opposite to the decline. Have a nice day traders, dont forget to follow and like this analysis if you find it useful.