BTCUSDT
Hi Guys!
I've been trading and doing my own charts for over 3 years now and thought of publishing my first idea! So please feel free to comment and give me feedback!.
For the purposes of this idea, I've kept the chart quite lightweight.
Alright, lets get to my reasoning.
Bitcoin seems to be retracing down on it's 4th wave right now according to my Elliott count. The current levels of 9.7k lines up beautifully when looking at the 0.618 retracement between wave 2 and 3. This level is also supported by the 200 EMA on the 4hr chart.
To make things better, the volume seems to have hit support levels and RSI is hitting oversold levels showing that there's a high chance that this price will be supported.
Keen to see what unfold within the next few days!
Thanks for taking the time to look at my idea. Don't forget to leave a like or follow me if you found my analysis useful :)
Peace.