bltagraphedu

Bitcoin analysis using Elliott wave theory

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
BINANCE: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.

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