javrick

javrick 1012 views ・

Here is my EW analysis on where COINBASE:BTCUSD is headed for the next couple of weeks. We're still in the final correction wave 5 which is likely to continue for the next 4-5 days. Look for a potential entry point between 8450-8650. If Wave five breaks through channel support at 8400, look for the next entry target around 7850-8000. Once trend reversal confirmed,...

javrick 237 views ・

Don't get caught losing the forest through the trees. Back out to > 4h and you'll notice we're still in a descending channel. Target supports of $0.89 at .718 fib and if it pushes below that, next level support around $0.69.