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markrivest
Dec 2, 2018 1:44 AM

Elliott Wave View of BTCUSD Bear Market Short

Bitcoin / DollarBitfinex

Description

BTCUSD from its all-time high appears to be forming a Double Zig Zag down with an Elliott wave Horizontal Triangle separating both Zig Zags.
Major support is in the low 1800 area. The weekly RSI - not shown in this daily chart has yet to reach the oversold zone implying this bear market has room to go lower.
Bear market could continue for several months.

Mark
Comments
Boon2
BTCUSD D1 Long Term EW Analysis. Checkout the idea detail's and all the update's for the complete picture!
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