Bitcoin Trading | Technical Analysis | Elliott Wave
BTC/USD is displaying an Elliott Wave bullish sequence, which keeps on growing in duration and time.
Because of this, it will be hard to believe that a major bearish leg would be seen, one that would change the destined direction.
BTC/USD - Weekly Chart
BTC/USD (weekly) has been labeled within a Super-Cycle Degree wave (III) (turquoise), mid-point development.
Super-Cycle Wave (II) (turquoise) has reached its bottom during Dec 2018, unleashing the Crypto Bull Market.
Cycle I (black) Structure - Bullish Impulse
Dec 2018 bottoms and up towards June 2019 peaks.
Cycle II (black) Structure - Triple Flat Correction
June 2019 peaks until March 2020 support.
Cycle III (black) Sequence - Bullish Impulse
Break-out and confirmation of a bullish sequence.
Current Position - Intermediate (4) (green)
Consolidation and Point of Interest.
Next expected swing
Bullish Impulse, with a rally in the Intermediate (5) (green).
Levels in focus: $18500.
Targets: $23500-25000.
BTC/USD is displaying an Elliott Wave bullish sequence, which keeps on growing in duration and time.
Because of this, it will be hard to believe that a major bearish leg would be seen, one that would change the destined direction.
BTC/USD - Weekly Chart
BTC/USD (weekly) has been labeled within a Super-Cycle Degree wave (III) (turquoise), mid-point development.
Super-Cycle Wave (II) (turquoise) has reached its bottom during Dec 2018, unleashing the Crypto Bull Market.
Cycle I (black) Structure - Bullish Impulse
Dec 2018 bottoms and up towards June 2019 peaks.
Cycle II (black) Structure - Triple Flat Correction
June 2019 peaks until March 2020 support.
Cycle III (black) Sequence - Bullish Impulse
Break-out and confirmation of a bullish sequence.
Current Position - Intermediate (4) (green)
Consolidation and Point of Interest.
Next expected swing
Bullish Impulse, with a rally in the Intermediate (5) (green).
Levels in focus: $18500.
Targets: $23500-25000.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.