BitcoinUpdated Elliot perspective on BTC, Jan 29,2020
Doing an Elliot/Fibonacci wave analysis on this current BTC bull run. If it proves true, there is room to go, and the wave 4 pullback is finished at the 9174 resistance flipped to support. In this scenario, the wave 3 hits the 1.618 extension of the first wave perfectly. To me, this indicates that wave 5 has not started yet, and we are in for a continued bull move.
Note
There is too much indicator noise on this chart. I am going to repost a cleaner chart
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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.