francescoforex

BTCUSD - Elliott wave – update - monitoring wave5 down

FX:BTCUSD   Bitcoin

wave 4 over - motive wave down in 5 waves should follow to wave 5
motive wave ((1)) ended at 28800 area
corrective wave ((2)) unfolding in a zigzag - target 36630/38730 area

ALT: wave 4 is not over

monitoring price evolution

critical price area

previus daily close 33509
PP 32570 up
Comment:
vawe 5 looks closed - impulsive movement from 64620 to 28860 - (A)
the new bullish movement from 28860 should unfold in a corrective mode to vawe (B)

ALT: wave 4 not ended yet
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.