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Firme
Dec 15, 2023 8:53 PM

BTCUSDT bearish impulse wave 

Bitcoin / TetherUSBinance

Description

BTCUSDT up-to-date. Price is retracing below USDT41400, which level is a limit for a impulse wave confirmation, from an Elliotician perspective. On this case, if price is rejected from this 78.6% Fibonacci retracement, we'll see a profitable leg downward to accomplish wave -3. Potential USDT40400 target, in demand zone, for this swing trade. Chaikin Money Flow below zero showing selling pressure in confluence with price action.

Trade closed: target reached

Comments
MyCryptoParadise_Simon
Interesting analysis of BTCUSDT from an Elliott Wave perspective. Watching that USDT41400 level closely for potential wave confirmation
behdark
Good chart,thanks
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