Trading Bitcoin | Buy Orders | Elliott Wave (Mar 2020) - Part 3
Intermediate (2) (green) Structure - Zig-Zag
Leading diagonal in Minor A (red).
Running Flat in Minor B (red).
Impulse in Minor C (red).
Intermediate (3) (green) - Expectations
Bullish Impulse, Extension in a Rally.
Technicals - Favorable Details
- Descending Channel within a Complex Correction
- Bearish Divergence at the termination points of Minor C (red)
- Potential Hidden Divergence at key Fibonacci Retracement levels.
- Bull-Flag Pattern in Intermediate (2) (green)
- 61.8% Fibonacci Retracements of Intermediate (1) (green)
Leading diagonal in Minor A (red).
Running Flat in Minor B (red).
Impulse in Minor C (red).
Intermediate (3) (green) - Expectations
Bullish Impulse, Extension in a Rally.
Technicals - Favorable Details
- Descending Channel within a Complex Correction
- Bearish Divergence at the termination points of Minor C (red)
- Potential Hidden Divergence at key Fibonacci Retracement levels.
- Bull-Flag Pattern in Intermediate (2) (green)
- 61.8% Fibonacci Retracements of Intermediate (1) (green)
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Bullish impulse has been delayed, structure became more complex. This does not mean that BTCUSD is not destined to start the expected rally. This only means that the Triple Three correction has been prolonged in duration and time. A rise is in the menu, and should be starting very soon.
Buy BTCUSD on the last dip, that's all I can say.
