BTCUSD - above 10k USD for the first time since June
The price of Bitcoin has reached the highest level since early June, rising above USD 10 000. The nearest potential resistance might be set at a recent top around USD 10 500 which could be tested soon.
From the Elliott wave theory perspective, the market may finish the second corrective wave. As a consequence, we may expect third wave to occur in the near future.
Therefore, the next potential target, if USD 10 500 resistance is broken, could be set by the top of wave 1 and by the Fibonacci expansions.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
From the Elliott wave theory perspective, the market may finish the second corrective wave. As a consequence, we may expect third wave to occur in the near future.
Therefore, the next potential target, if USD 10 500 resistance is broken, could be set by the top of wave 1 and by the Fibonacci expansions.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.