BTCUSD Start of a New Wave?

7 thg 6, 2021

Read about Elliot Wave recently and decided to try it on BTC, surprised to find a rather nice fit here. Looks like it is in the last correction wave (C). The correction waves form a triangle, and volume is compressing, showing tighter consolidation. Seems like an explosive move will happen soon, unfortunately there is no clear indication, price could go either way. If we go down, next support at 30K, if we go up, next resistance at 42K.

7 thg 6, 2021

Ghi chú

Updated with better alignment of points and ABCDE corrective waves, since we are expecting a triangle (thanks to CryptoSnoopy)