Bitcoin / TetherUSShort
Bitcoin Daily Chart Analysis
Hello World! Today we are going to analyze the price of Bitcoin on the daily chart
Today we maintain the Elliott wave scenario, there are 3 impulses and 2 retracements, the price begins to go to wave 5, this last downward impulse will not always pass through point 3, sometimes the failure of fourth occurs which is an impulse with little force.
On a daily chart we can see a clear absorption, this means that people take profits in resistance zones, there is not enough volume to break hard.
The purchase zone would be between $35,000 and $33,000, Bitcoin will be looking for these prices and in the worst case it could seek to close a gap at $26,100, if this were to happen we would be talking about a change in trend on the weekly chart.
For now, take care of your portfolio, invest responsibly and good luck!
See you!
Today we maintain the Elliott wave scenario, there are 3 impulses and 2 retracements, the price begins to go to wave 5, this last downward impulse will not always pass through point 3, sometimes the failure of fourth occurs which is an impulse with little force.
On a daily chart we can see a clear absorption, this means that people take profits in resistance zones, there is not enough volume to break hard.
The purchase zone would be between $35,000 and $33,000, Bitcoin will be looking for these prices and in the worst case it could seek to close a gap at $26,100, if this were to happen we would be talking about a change in trend on the weekly chart.
For now, take care of your portfolio, invest responsibly and good luck!
See you!
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