BitcoinUpdated BTCUSD-Elliot Wave Scenario
BTCUSD is in last wave(C) correction zone.
It can correct till 7000-present value(7300) yellow zone, before next wave impulse in either direction.
If Trend-line holds then bullish scenario will be in play if 76-7700 zone is broken
If Trend-line is broken then we go to the green zone and invalidates the bullish scenario.
It can correct till 7000-present value(7300) yellow zone, before next wave impulse in either direction.
If Trend-line holds then bullish scenario will be in play if 76-7700 zone is broken
If Trend-line is broken then we go to the green zone and invalidates the bullish scenario.
Note
If Trendline breaks then 66-6700 usd is the probably the support/bounce area
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.