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BTC In A Corrective Pullback: Intraday Elliott Wave Analysis

Bitcoin CME Futures (CME:BTC1!)  
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CME:BTC1!   Bitcoin CME Futures
Trend Analysis Chart Patterns Wave Analysis Cryptocurrency crypto Bitcoin (Cryptocurrency) BTC cmefutures correction gap support elliotwaveanalysis
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trendanalysis chartpattern waveanalysis cryptocurrency crypto bitcoin btc cmefutures correction gap support elliotwaveanalysis
Bitcoin made sharp reversal and strong recovery last week, which we see it as a five-wave bullish impulse from Elliott wave perspective.

With recent sharp decline into wave (a), followed by current recovery in wave (b), there's a chance for another wave (c) drop to complete a higher degree wave "iv" correction. Ideal support comes around 20.000 level that can also fill the BTC CME Futures Monday's GAP before the uptrend for wave "v" resumes ahead of the weekend.

Happy trading!
Elliott Wave Service
👉 www.wavetraders.com
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