[07/29] Bitcoin ; Short-term Bitcoin Direction
Bitcoin ; Short-term Bitcoin Direction
Bitcoin recovered to 23k at once yesterday, and even after that, the buying trend did not die and recovered to 24k.
22.5k - 24.3k (high point)
18.9k - 20.7k (low point)
A strong rise came from the bottom of the parallel channel, and when the Elliott wave is applied, it seems that the upward waves are impulse waves and the downward waves are adjustment waves.
In particular, as the volume of transactions exploded in three waves within one wave, it is believed that the one wave was extended impulse upward until a huge upward transaction volume exceeding this transaction volume broke out.
Currently, it is judged that there is a slight adjustment in the four-wave section, and it is analyzed that there is one more five-wave rise left.
And when you connect the red circle peaks, you have a resistance line, which is the primary trend resistance line, and the secondary resistance line is the top of the peripheral channel!
Personally, I think there's still a little more room for improvement, and as I said in yesterday's market, I'd like to recommend a long position-oriented response before renewing 24.2k.
Bitcoin recovered to 23k at once yesterday, and even after that, the buying trend did not die and recovered to 24k.
22.5k - 24.3k (high point)
18.9k - 20.7k (low point)
A strong rise came from the bottom of the parallel channel, and when the Elliott wave is applied, it seems that the upward waves are impulse waves and the downward waves are adjustment waves.
In particular, as the volume of transactions exploded in three waves within one wave, it is believed that the one wave was extended impulse upward until a huge upward transaction volume exceeding this transaction volume broke out.
Currently, it is judged that there is a slight adjustment in the four-wave section, and it is analyzed that there is one more five-wave rise left.
And when you connect the red circle peaks, you have a resistance line, which is the primary trend resistance line, and the secondary resistance line is the top of the peripheral channel!
Personally, I think there's still a little more room for improvement, and as I said in yesterday's market, I'd like to recommend a long position-oriented response before renewing 24.2k.
Penafian
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