Bitcoin: Short term market update

Hello guys,

As you can see from our past update when we talk about importance of 6600$ and market did went there to test the level and got rejected as expect and we stated if that happen we should short the re-test.

Now this new update look towards another perspectives, which go real deep into Elliot wave principle.

let get to it, assuming based on the chart, we have our wave 1 retracing almost 61.85 to form wave 2 and base on the wave principle wave 3 will not retrace more than 50% to form wave 4.

Going by this we are left with finding our immediate support from 38.2% retracement level down towards 50% retracement level which are 62xx towards 59xx.

Towards the upside zone we have our immediate resistance around 71xx towards 73xx level.

But always remember importance of stop loss as nothing is for sure in trading.

Kindly go through the chart and do leave us your comments to let us know how you feel about our view, REMEMBER to appreciate our effort with your likes and always subscribe(Click follow) to our profile for fast and quick daily updates on all our trading ideas

Thank you.

Trade active:

Hello friend, looking for the first update the post, then i spotted something funny, 7k to 7k1 level will have to ply a very important role. because its clearly shown on the chart that any passage of price through this level will highly trigger a 7k7 to 7k9 move before any major dump could occur.

I appreciate your love so far, kindly give us more likes as we promise to keep updating the post.

Trade active:

Finally market approaches the sell off zone, let pay close attention to the price action from here. I will prefer to stay close to 6hours timeframe upward for my possible price action zone.

Trade active:

Here is the update you guys have been waiting for.

Do appreciate my effort with your support.