Hello There,
Weekly BTC from Bitfinex shows the retracement is little below 38.2%. Now look at the 2017 correction below.
This is on a daily from the Peak of 20k. Price is entering the 38.2% level with past couple days action. This is very important for Bitcoin... For BTC to be bullish, it needs to sustain this level and maintain momentum. When I say this,...
First of all let me say I am still learning!!!
Based on my study and applying what I am studying using Elliott Wave to BTC/USD I found it interesting.
First let me put the Guidelines for Elliott Wave from elliottwave-forecast.com
Guidelines
• Impulse wave subdivide into 5 waves.
• Wave 2 can’t retrace more than the beginning of wave 1
• Wave 3 can...
