BTCUSD Waves. Under the microscope.(05.10.2017)
We made a refinement of the markup of bitcoin and a shift in the timeline to level 1 older.
We assume that the upward movement has not yet emitted steam and is able to form a bullish model in the form of a wedge in the direction of growth. The possible boundaries were indicated by a dotted line of black color. We want to see the penetration / touch of the price level 4680. This will give more confidence in the bullish mood.
However, the price began to form a steady movement to decline. We do not exclude that the wave B (red) of the senior correction is finished at 4400, not having achieved the correctional level of 4500-4550, and now we are waiting for a further decrease in the region of the previous decline - 3000 and below.
We follow the course of events and, as the situation changes, we will give comments.
We assume that the upward movement has not yet emitted steam and is able to form a bullish model in the form of a wedge in the direction of growth. The possible boundaries were indicated by a dotted line of black color. We want to see the penetration / touch of the price level 4680. This will give more confidence in the bullish mood.
However, the price began to form a steady movement to decline. We do not exclude that the wave B (red) of the senior correction is finished at 4400, not having achieved the correctional level of 4500-4550, and now we are waiting for a further decrease in the region of the previous decline - 3000 and below.
We follow the course of events and, as the situation changes, we will give comments.
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