Published: 27 Feb 2018 › Updated: 27 Feb 2018
Elliott wave Analysis: BTCUSD Trading Towards Support
BTCUSD can be making an expanded flat correction within minor blue wave b, with legs (a) and (b) already completed. Ideally, some resistance will be seen for leg (c) of b near the 11000/11200 area, where Fibonacci ratio of 61.8 can react as a turning point lower. Once blue wave b fully unfolds, BTCUSD can drop towards the 8650/8000 zone for final blue wave c as part of a bigger wave 2/B correction, and there turn higher.
BTCUSD, 2h
Disclosure: Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.
Leave Elliott wave Analysis: BTCUSD Trading Towards Support to:
Best Posts From ew-forecast
We have not curated any of ew-forecast's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From ew-forecast
- Elliott wave Analysis: Triangle on EURUSD Points Higher
- (Video) EURCAD On My Watchlist
- Elliott wave Analysis: S&P500 and USDJPY Pushing Lower
- Elliott Wave Analysis: EURUSD Can Face A Bullish Turn
- Elliott wave Analysis: BTCUSD Trading Towards Support
- Elliott wave Analysis: S&P500 and 10Year Us Notes Update
- Litecoin Turning Bullish
- Elliott wave Analysis: USDCAD Can Breach Even Higher After Pullback
- USD Index Trading Near Interesting Reversal Regions
- Elliott wave Analysis: BTCUSD and ETHUSD VIDEO