BTCUSD approaching demand zone

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The Elliott wave scenario posted last week had developed as intended: the price has hit the supply zone at the levels of $4,591 - $,4,690, established the top for the wave B and then dropped down towards the technical support at the level of $3,992.
The current Elliott wave count indicates a possible termination of the wave C at the weekly pivot support at the level of $3, 920 which means the completion of a corrective structure of a higher degree. Nevertheless, a lack of an impulsive rebound would indicate a possible extension of the slide towards the next important technical support at the level of $3,600.
👨‍💼Sebastian Seliga -
👥Head of Analysis & Trading at BitBay
❌Podane informacje nie są rekomendacjami handlowymi
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out