01) It looks that, bitcoin is currently following AB:CD pattern on daily and weekly time frame.
02) Show a strong reverse from fib golden numbers of retracement with the alignment of bullish trend line.
03) Showing divergence on daily time frame.
04) Break the downtrend resistance line with strong volumes.
05 Creating first wave of Elliot wave, after breaking downtrend line on daily time frame.
Target1 : 109,300
Target2 : 134,722
Stop Loss : 83,000
02) Show a strong reverse from fib golden numbers of retracement with the alignment of bullish trend line.
03) Showing divergence on daily time frame.
04) Break the downtrend resistance line with strong volumes.
05 Creating first wave of Elliot wave, after breaking downtrend line on daily time frame.
Target1 : 109,300
Target2 : 134,722
Stop Loss : 83,000
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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.
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.