Bitcoin (8H) / Elliott Wave Analysis / Down We Go. Are You In?
Here is a little summary of the BTC charts I posted the past few days, mixing algos and Elliott Wave (EW). There was a strong confluence of Fibonacci a geometric resistance in the mini green box and we turned to the downside.
www.tradingview.com/...-Technical-Analysis/
Bearishness confirmed below 28k. Two algo PTs at 21750-22500. However, 25000 will be on our way down where weekly algos longs might try to defend BTC again (double bottom?).
Please like and share if you appreciate this market update.
We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We also answer all your questions regarding the Elliott Wave Principle!
Cryptos are updated every day of the week and on Saturday, if necessary.
Traditional assets are updated every day of the week.
Elliott wave & Fibonacci labelling:
Common path in white, bullish count in green, bearish count in red.
Bearishness confirmed below 28k. Two algo PTs at 21750-22500. However, 25000 will be on our way down where weekly algos longs might try to defend BTC again (double bottom?).
Please like and share if you appreciate this market update.
We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We also answer all your questions regarding the Elliott Wave Principle!
Cryptos are updated every day of the week and on Saturday, if necessary.
Traditional assets are updated every day of the week.
Elliott wave & Fibonacci labelling:
Common path in white, bullish count in green, bearish count in red.