Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Elliott Wave Analysis by EWF
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Elliottwave-Forecast, post: 176872, member: 40858"] Short term Elliott wave view in Bitcoin (BTCUSD) suggests the rally from January 24, 2020 low has ended as a 5 waves impulse Elliott Wave structure. Up from January 24 low, wave ((i)) ended at 9570 and pullback in wave ((ii)) ended at 9075. The crypto currency then resumed higher in wave ((iii)) towards 10199.85 and the pullback in wave ((iv)) ended at 9706.94. Wave ((v)) of 1 is proposed complete at 10500. Wave 2 pullback is in progress to correct cycle from January 24, 2020 low before the rally resumes. Internal of wave 2 is unfolding as a zigzag Elliott Wave structure where wave ((a)) ended at 10068 and wave ((b)) bounce ended at 10500. The next potential short term support area for wave ((c)) comes at 9759.61 - 9986.57. This is the 100% - 123.6% Fibonacci extension of wave ((a))-((b)). From this area, Bitcoin can end wave 2 and extends higher or bounce in 3 waves at least. If Bitcoin instead extends above 10500 from here, then it suggests wave ((v)) of 1 remain in progress and can see a few more highs before ending wave 1. We don't like selling Bitcoin. [B]Bitcoin 1 Hour Elliott Wave Chart[/B] [URL='https://elliottwave-forecast.com/wp-content/uploads/2020/02/Bitcoin-Chart-of-The-Day-14-Feb.png'][IMG alt="Elliott Wave View: Bitcoin Next Short Term Support Area"]https://elliottwave-forecast.com/wp-content/uploads/2020/02/Bitcoin-Chart-of-The-Day-14-Feb.png[/IMG][/URL] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…