BTC has finished the first motive wave at fib retracement 100%, which was the ATH from 2017-12-08.
It is now on its way down to fib 38.2% (new) or fib 78.6% (old). There is also the possibility that the downtrend stops at 14.450$, a support line formed out of several candles. So, this is the area (13.660$ 14.450$) where I expect the next turnaround of BTC, because this area is a strong resistance zone.
If I´m right with my Elliott Wave analysis, than the third wave has to lead to higher highs (at least old ATH or above).
Indicators: neutral - negative
It is now on its way down to fib 38.2% (new) or fib 78.6% (old). There is also the possibility that the downtrend stops at 14.450$, a support line formed out of several candles. So, this is the area (13.660$ 14.450$) where I expect the next turnaround of BTC, because this area is a strong resistance zone.
If I´m right with my Elliott Wave analysis, than the third wave has to lead to higher highs (at least old ATH or above).
Indicators: neutral - negative
Trade closed: stop reached:
It seems that BTC has reached the stop and could now turn upwards.
The course resists in the strong resistance-zone (13.040 - 14.500).
We got new trend signals when BTC is leaving this zone (up or down).