VIDEO ANALYSIS: BTCUSD and Some XXX/BTC Crosses
Welcome to our first video analysis here on tradingview. I am very happy that I can test the new feature and share our views on markets faster and easier in a video format.
In this video analysis I will take a look into BTCUSD and also some other BTC-cross pairs with interesting patterns.
I you will like the video please leave me a feedback into a commentary below so that I know if you want more of these in the future!
I hope you will enjoy it!
Good weekend to all of you!
Grega
In this video analysis I will take a look into BTCUSD and also some other BTC-cross pairs with interesting patterns.
I you will like the video please leave me a feedback into a commentary below so that I know if you want more of these in the future!
I hope you will enjoy it!
Good weekend to all of you!
Grega
Bình luận:
Bitcoin is trading lower as we expected. Currently we see it in the final stages of wave 3 of (C), which means that we may see some pullback in wave 4 back to around 38,2% Fibonacci retracement and previous wave (iv) resistance, so correction of wave 4 may stop between 11300-11800 levels, from where we expect new drop into wave 5 of (C) towards 8000 level or maybe even lower.
Bình luận:
Big recovery on BTC, but 4th waves are the most complex, so we strongly suggest to be very careful here with long positions. Currently BTC trading around our projected resistance zone with three waves up, so it still could be wave 4 correction. But if goes higher above 13400 invalidation level, then we may adjust the view.
Bình luận:
welcome back everyone. A lot of you asked for an update so here it is:
we have seen move up towards 13 k recently, but noticed that recovery is clearly in three waves, also retraced by a recent break beneath the channel support. This looks like a temporary bounced, therefore, it would be too soon to turn bullish. I still think new lows will be seen.
we have seen move up towards 13 k recently, but noticed that recovery is clearly in three waves, also retraced by a recent break beneath the channel support. This looks like a temporary bounced, therefore, it would be too soon to turn bullish. I still think new lows will be seen.
