BTSBTC | Elliott impulse waves and Fibonacci retracement basis
Updated
Price action followed ABC correction wave until full consolidation and bounce from Fib 1 support level.
Middle-term timeframe analysis reveals a start of 5 Elliott impulse growth waves. Such early entry provides a great opportunity to earn profit throughout the rest two ascending movement
The forecast is enhance with continuous Fibonacci retracement levels tests which also provide us a basis to increase accuracy of expected price levels at each stage of Elliott waves
Automatic signal is shared in the premium channel and applied through Binance API
Middle-term timeframe analysis reveals a start of 5 Elliott impulse growth waves. Such early entry provides a great opportunity to earn profit throughout the rest two ascending movement
The forecast is enhance with continuous Fibonacci retracement levels tests which also provide us a basis to increase accuracy of expected price levels at each stage of Elliott waves
Automatic signal is shared in the premium channel and applied through Binance API
Trade closed: target reached
The signal has reached 2 out of 3 targets. Currently the price retraces to point (4) at the chart and prepares for a new run to final (5) point. Follow the updates in the Premium channelProfit: 20.4%
Duration: 1 Day
Trade active
As you can see price action accurately reached point (3) and then decreased to point (4) where it is located now. New entry possibility is confirmed. Price action reached Fib 0.786 retracement level right where pivot point is located. This level was confirmed 3 times which is drawn at the chart. Standard price action movement in such cases brings the price above 50% retracement level. The forecast is enhances by DMI and RSI indicators as well as current AO level
New entries and targets are in the premium channel
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