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ew-forecast
Oct 31, 2019 9:59 AM

Elliott Wave Video: Btc Moving Into 8300-8800 Support Zone 

Bitcoin / DollarBitfinex

Description

BTCUSD made strong and significant bounce after we noticed a completed wave (v) of »c« of Y, even back above the channel resistance line. So, bulls are probably here, just be aware of a temporary pullback down to 8800 – 8300 support area, from where we may see a continuation higher. If from any reason price goes sharply and impulsively back below 7300 lows, then we will start observing an alternate counts.

Trade well,

GH
Comments
Sharecrazy
Thanks for Input
ew-forecast
i assume that bullish price reversal on btc can be even better if we drop below 7k, because as thats where even more traders would become bearish..

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