Bitcoin Elliott wave intraday 4H
Updated
Bitcoin still going correctively and we may see further move to the downside to complete the Y wave.
Triangle pattern for the X wave if the 26435.81 remains intact.
Breaking near-term key level 25385.52 probably will start the move for Y wave.
Possible targets for the Y wave remains 0.5 fib retracement where we have 0.618 X vs Y or 0.618 fib retracement where we have equality between X and Y.
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Good luck!
Triangle pattern for the X wave if the 26435.81 remains intact.
Breaking near-term key level 25385.52 probably will start the move for Y wave.
Possible targets for the Y wave remains 0.5 fib retracement where we have 0.618 X vs Y or 0.618 fib retracement where we have equality between X and Y.
Hit the like button and follow me for future updates if you like my analysis.
Good luck!
Note
We are watching for a decisive break of 25710.78 to signal the start of the wave 3
Note
Note
breaking above 25749.99 we may see further move to the upside
target for a possible wave 3 is 26753.64. Below this level is only a correction
Note
WXY correction may be completed
wave 3 may be ended
breaking channel will be a good chance to turn the trend upside
Note
possible targets for 5th wave 27415 - 27760
Note
we may see a triangle pattern in wave 4th
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