BTC Elliot Wave Correction

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello Traders,

I mentioned about the triangle that I had given before about the BTC . Unfortunately, we could not raise the top trend line in the chart. We mentioned that in the market of cryptographic money, which is a rolling market, everything can be at any moment. So if we broke the sub support line, we added $ 9,400 in revenue. I'm adding that chart below for your review.

In our newly plotted chart, we are experiencing ABC wave corrections, which are the corrections after the first 5 waves of the Elliot wave count. We have indicated in our graph that the last wave correction C wave is at the level of $ 8,700. However, if our red resistance line which we have indicated is broken, this idea is canceled. For now, let's follow the BTC movements to catch up with new trading signals.


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