Bitcoin Technical Analysis (16.10.2018)
Good day, dear friends!
Bitcoin broke, but failed to consolidate above the global diagonal line of resistance (1D). At the moment, the coin is in the zone of accumulation.
Using the Elliot wave theory, we are in a wave of 4 subvolny. I suppose that the correction will end at ma20 or ma50. In any case, the wait is not so long, and, at the moment, I am in a bullish scenario.
If you liked the post, click on the thumb. It motivates me to do TA more often, xD
All successful deals!
P.S. Subscribe to my telegram channel. Link in status
Bitcoin broke, but failed to consolidate above the global diagonal line of resistance (1D). At the moment, the coin is in the zone of accumulation.
Using the Elliot wave theory, we are in a wave of 4 subvolny. I suppose that the correction will end at ma20 or ma50. In any case, the wait is not so long, and, at the moment, I am in a bullish scenario.
If you liked the post, click on the thumb. It motivates me to do TA more often, xD
All successful deals!
P.S. Subscribe to my telegram channel. Link in status
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