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bltagraphedu
Jun 9, 2021 5:44 AM

Bitcoin analysis using Elliott wave theory  Short

Bitcoin / TetherUSBinance

Description

BINANCE:BTCUSDTAs 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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