Lionheart-EWA

Bitcoin Trading | Sell & Buy Orders | Elliott Wave - Part 2 D

Lionheart-EWA Updated   
BITSTAMP:BTCUSD   Bitcoin
*Continuation of Part 1

BTC/USD - Daily Chart

Primary 2 (blue) Structure - Double Zig-Zag
Zig-Zag in Intermediate (W) (pink) followed by another Zig-Zag in Intermediate (X) (pink).

Intermediate (Y) (pink) - Expectations
Bearish Three-Swings sequence, within a Zig-Zag, 5-3-5.

Primary 2 (blue) / Intermediate (Y) (pink) - Termination Points
Golden Ratio (61.8%)  - Fibonacci Retracements of Primary 1 (blue).
* 78.6% if sell-off extends.

Dominant Trend - Levels in Focus
61.8% FR: $7495
61.8% FR: $5550
Comment:

Primary 2 (blue) Structure - Double Zig-Zag
Zig-Zag in Intermediate (W) (pink) followed by another Zig-Zag in Intermediate (X) (pink).

Intermediate (Y) (pink) - Expectations
Bearish Three-Swings sequence, within a Zig-Zag, 5-3-5.

Primary 2 (blue) / Intermediate (Y) (pink) - Termination Points
Golden Ratio (61.8%)  - Fibonacci Retracements of Primary 1 (blue).
* 78.6% if sell-off extends.

Dominant Trend - Levels in Focus
61.8% FR: $7495
61.8% FR: $5550
Comment:
Comment:
Minor C (red) is unfolding.
Trade closed: target reached:
Bearish Targets reached.
Trade active:
Long BTCUSD
Comment:
Triple Three pattern, correction extending in its complexity.
5500

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.