my elliot wave analysis on the bitcoin for the hourly chart. the price are showing some rejection on the lower trendline.
the price was broke the upper correction trendline.
the reason i made decision to go long is the price broke the correction trendline and retested on the 237.20 support and resistance area. At this time, the resistance area become support was retested on the hourly chart.
the rejection was showed on the 50% fibonaci retracement. that will make futher coincidence for me to go long.
good luck!!
the price was broke the upper correction trendline.
the reason i made decision to go long is the price broke the correction trendline and retested on the 237.20 support and resistance area. At this time, the resistance area become support was retested on the hourly chart.
the rejection was showed on the 50% fibonaci retracement. that will make futher coincidence for me to go long.
good luck!!
