Possible “Bottom” Targets Based on Elliott Wave
BTC is currently correcting from an ATH of 69,000 in either an ABC zig-zag or a WXY combination wave and I've attempted to find possible bottom targets using Fibonacci clusters based on rules for both zig-zags and combo waves.
Two ranges have appeared as a result of this study. First, is the range from 12,500 to 9800 and the second is a range from 4,500-3,400. A key level to watch is 10,800 which is the 1.618 of W where there could either be a bounce to the upside in a WXYXZ pattern or a continuation to the downside in an ABC.
High Level Count:
CME gaps within the ranges:
Two ranges have appeared as a result of this study. First, is the range from 12,500 to 9800 and the second is a range from 4,500-3,400. A key level to watch is 10,800 which is the 1.618 of W where there could either be a bounce to the upside in a WXYXZ pattern or a continuation to the downside in an ABC.
High Level Count:
CME gaps within the ranges:
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.