Bitcoin (BTC) technical analysis for the corrective wave C

BTCE:BTCUSD   Bitcoin / U.S. Dollar
869 0
Hi fellow traders,

In a technical point of view BTC just finished its 5th impulsive wave in a uptrend and did make an impressive peak at 1097. xx , and on the next day it goes to the corrective wave ABC according to my TA. The A leg has been completed and the B leg is currently developing; let's say that the B leg can still be extended to a new up level, namely at around 1200. xx and from there the C leg will be appeared. End of C leg, if we take from the extension level of B leg at the above mentioned level at 1200. xx , then the C leg will probably reach the level at around 883. xx , in case for a further heading down, then we have the extended level at around 557. xx .

Other scenario is that we suppose the price level for BTC will stop raising from here at around 1031. xx and it heads southward, then we will have its destination at 715. xx , in extension 557. xx with high probability.
So just take the drawn levels for your reference! /

Trade well!

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out