Gold chart is on correction waves and maybe it's correct 50% or 60% of its first main wave.
Hello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start. Today I want talk with you about BTC . Price can retest support level and try break it. BTC /USDT can do it and continue downtrend. I think that price can reach support zone soon.
Further fall is expected this week as long as 1.3608 support turned resistance holds. Break of 1.3410 will target 1.3164 medium term fibonacci level next. However, break of 1.3608 will turn bias back to the upside for stronger rebound.
With its price spike this week, Ether widened the gap between returns from the cryptocurrency compared to returns from Bitcoin, the S&P 500, and the Dow Jones industrial average in the last year.
A Bitcoin correction is when the price of BTC declines immediately after a recent high. In its 11-year history, there have been many Bitcoin corrections following a price peak.
according to elliott wave, I predict to fall 400 pip from high...
After completing the 5th wave, the correction is greeter than waves correction's length...