Elliott wave Analysis: BTCUSD Looking higher

As expected, BTC is moving nicely higher and there's room for higher levels as long as the price keeps trading above 7170 level, especially because February lows still hold and bottom can be actually in place, but first we want to see five waves up from the lows to confirm a bullish reversal.

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Komentar:

BTC was slow over the weekend and currently can be forming a small triangle pattern within wave iv, so wave v of (v) towards 9200-9400 could be next move. Just be aware, because deeper pullback may occur soon.

Komentar:

Good morning Crypto lovers!
As expected, Bitcoin declined from wave 3 resistance and price can be now unfolding three waves (a)-(b)-(c) down within wave 4 correction, where support can be reached around 38,2% Fibo. retracement and 8400 level.

Komentar:

As expected, BTC can be unfolding a three-wave (a)-(b)-(c) correction, where currently can be falling exactly from 9500 level and 78,6% Fibo. retracement within wave (c) towards projected 8400 level.