In D1 timeframe, since dropped to $31xx, BTC reversed and increased to $54xx
According to Elliott wave analysis, BTC is under the impulse wave 3 (white)
At the lower wave level, BTC is under the corrective wave 4 (blue)
The next target of BTC to complete the wave 3 (white) is around the $57xx - $60xx area
Caution!
$63xx-$65xx was the old support zone last year of BTC, now it has become a very strong resistance
When the price hits this resistance, There may be a corrective wave down to $42xx
** If you like our content follow our profile (www.tradingview.com/u/DrDarvas/) to get more daily ideas. **
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According to Elliott wave analysis, BTC is under the impulse wave 3 (white)
At the lower wave level, BTC is under the corrective wave 4 (blue)
The next target of BTC to complete the wave 3 (white) is around the $57xx - $60xx area
Caution!
$63xx-$65xx was the old support zone last year of BTC, now it has become a very strong resistance
When the price hits this resistance, There may be a corrective wave down to $42xx
** If you like our content follow our profile (www.tradingview.com/u/DrDarvas/) to get more daily ideas. **
Comments and likes are greatly appreciated.
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Check it out guys!! We have 3 positive here
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Done target 1
