Get started
bltagraphedu

Bitcoin analysis using Elliott wave theory

Short
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
bltagraphedu Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Supply and Demand Elliott Wave Beyond Technical Analysis
8
0
supplyanddemand elliottwaves beyondta
BTCUSDT As seen the first part pf the zigzag is going to complete around the PRZ zone (24K-28K). In my opinion, the 28K is a great support due to the existence of bulls supply zone.
be careful and check the supply zones in the bellow mentioned post.
Comment:
30K support is also important to be taken care of. there is 1.62% external Fibonacci retracement level of larger cycle's correction (2017). moreover , this level coincides with 0.62% Fibonacci retracement of the previous impulse wave in uptrend.
Comment:
The price reflected to the above PRZ zone.

Related Ideas

bltagraphedu
Bitcoin 5th extension impulse targets
bltagraphedu
Towards microeconomics perspective for Bitcoin
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.