possibility of future event by RSI & MACD
support and resistance for future bitcoin
I think the 5th wave of wave C is completed and it was a truncation or failure (means that wave 5 is too tired to reach that same level of 3). So what will be the next pattern and how the movement will be continuing?
If the C wave tends to be nearly equal to Wave A, so dropping to 3000 levels can't be unusual.
It seems to be in a Flat Corrective ABC Wave (Expanded= 3-3-5) and in Wave C, there is an Expanding triangle (3-3-3-3-3) which continuing in 5th wave.
Moving Average 9-52-100 // Fibonacci retracement // Elliott wave
Moving Average 9-52-100 //Fibonacci retracement // Elliott Wave