Bitcoin 1-Hour Elliott Wave Analysis
Hello traders,
In this Elliott Wave analysis, we will have a look at Bitcoin In the 1-hour time. Bitcoin ended the cycle from 05/05/18 peak at 06/24/18 low and it is currently correcting the cycle from 05/05/18 peak in 3-7 or 11 swings before it can turn lower again.
The cryptocurrency ended the cycle from 05/05/18 peak in blue wave (A) at the low of 06/24/18 (5757.72). The internals from blue wave (A) unfolded in 5 waves.
Up from 06/24/18 low, it ended red wave W at the peak of 06/30/18 (6514.75) and red wave X correction at the low of 07/01/18 (6262.50). As long as the pivot at 5775.46 low in our distribution system stays intact we are expecting Bitcoin to continue its correction higher to the cycle from 05/05/18 peak before turning lower again.
In this Elliott Wave analysis, we will have a look at Bitcoin In the 1-hour time. Bitcoin ended the cycle from 05/05/18 peak at 06/24/18 low and it is currently correcting the cycle from 05/05/18 peak in 3-7 or 11 swings before it can turn lower again.
The cryptocurrency ended the cycle from 05/05/18 peak in blue wave (A) at the low of 06/24/18 (5757.72). The internals from blue wave (A) unfolded in 5 waves.
Up from 06/24/18 low, it ended red wave W at the peak of 06/30/18 (6514.75) and red wave X correction at the low of 07/01/18 (6262.50). As long as the pivot at 5775.46 low in our distribution system stays intact we are expecting Bitcoin to continue its correction higher to the cycle from 05/05/18 peak before turning lower again.
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Penafian
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14 days trial --> elliottwave-forecast.com/amember/go.php?r=2670&i=l3 and get Accurate & timely Elliott Wave Forecasts of 78 instruments. Webinars, Chat Room, Stocks/Forex/Indices Signals & more.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.