BTCUSD Daily look is showing us a potentially completed five wave rise with current weakness representing the start of a three-wave corrective phase. If that is the case, then a three wave A-B-C decline is in view for the virtual currency that can extend towards the previous wing low of wave 4 at 1850 level.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Get Updated Crypto Or FX Charts For the Next 14 Days.
Apply For A Trial At http://www.ew-forecast.com
Apply For A Trial At http://www.ew-forecast.com
Idea Berkaitan
RogueDave
It's certainly possible. The current price action of your corrective B wave in BTCUSD from my observation, and also in ETHUSD, does not suggest Impulse or Motive waves of a new uptrend.
+1
Balas
skokovjekoslav
Maybe not.
+1
Balas
abdullatrader
I agree, thanks for sharing!
+1
Balas
ew-forecast
abdullatrader
@AAlFadhala, Thanks !
Balas
fight490
Now it's great idea
+1
Balas
ew-forecast
fight490
@fight490, Thank you !
Balas