BITSTAMP:BTCUSD   Bitcoin / Dollar
84 0 0
Test of resistance at 500$ area that was a good target area for 3 or C wave, like said in the previus charts.
Now we have two different way:
- we are in a new bullish structure, so we now have correction in wave 4, with target aroun 465 at 38% retracement of wave 3; then will come wave 5, maybe in extension form (becouse 3=1)
- all up structure was only a correction movement ABC in the primary downtrend yet; so now we will see a new downtrend and probably a return below 400$.

The watershed between these two scenarios is to set at 440$. If this correction will go below 440$ we can't have wave 4 (becouse w4 cannot go below w1 high). Otherwise, if correction stop at 465 and uptrend restart we have some confirms about wave 4 and 5 to new high. This would result in a new primary uptrend
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out