All right, folks! Here comes the update on the BTCUSD chart. 3 day ago I have posted the sketch for the A-B-C correction or the wave 2: https://steemitimages.com/0x0/https://steemitimages.com/DQmPsFHEgEq2fUs2JyAdzZcBtTHZSVXTwYLvgXaxXmBoETC/1.png Here is the picture now (unedited, we the same A-B-C wave):  The markers are edited and the minute waves added:  I expect the one more impulse aimed the $8 000 level. If my primary count is correct and we are now in the wave 2 of the intermediate level, the 3-rd wave should be strong and it will finally break the downtrend corridor:  The alternative is that the major correction in not a simple A-B-C ZigZag, but the Double ZZ:  That will be the case if $8 000 will not work out as a resistance and current intermediate wave pattern will be an impulse (wave A), but not the A-B-C (wave 2). Coming back you soon, Stay tuned!
author | dkn |
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permlink | btcusd-chart-minute-level-elliott-waves-and-support-levels |
category | trading |
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Yup, i am aiming to the 0.5fib (8800 area) for the right shoulder of really big inverse head and shoulder pattern, could be a nice reversal point. https://steemit.com/bitcoin/@cryptosludge/btc-what-now-24-2-18
author | cryptosludge |
---|---|
permlink | re-dkn-btcusd-chart-minute-level-elliott-waves-and-support-levels-20180224t205800315z |
category | trading |
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permlink | re-dkn-btcusd-chart-minute-level-elliott-waves-and-support-levels-20180224t200250133z |
category | trading |
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