BTC Another Low is Possible
Bitcoin might have just completed an ABC correction in the form of a rising wedge. Wave A is a leading diagonal in the shape of a rising wedge, so subwaves 4 and 1 can overlap. Wave C seems to be truncated and is a 0.5 Extension of Wave A.
The RSI is showing strong resistance at 70 and the MACD is showing bearish divergence on the histogram.
The alternate wave count is that Bitcoin have just started wave 3. Wave C is the first subwave of wave 3.
The RSI is showing strong resistance at 70 and the MACD is showing bearish divergence on the histogram.
The alternate wave count is that Bitcoin have just started wave 3. Wave C is the first subwave of wave 3.
Catatan
Another possibility
Catatan
That means we have to take Elliott Wave analysis with a grain of salt since Elliott Wave Theory is based on crowd sentiment and not whale or individual sentiment.
Catatan
steemit.com/bitcoin/@philakonecrypto/lesson-20-advanced-elliot-wave-wxy-with-feb-11-technical-analysissteemit.com/btc/@ew-and-patterns/btc-update-11-02-18
Check out what some other analysts say.
Catatan
Another possibility... If the price breaks the upper resistance line, this count is invalid.
Possible plays to make
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.