Bitcoin looks to find more upside action as the Ending Diagonal pattern begins to take form. A completon of this pattern solidifies the anticipated, sharp return towards $18K. $12K and below have been off the table for weeks now. Support near $18K would confirm this theory.
Nota
Instead of the Extending/Ending Diagonal, the Contracting/Ending Diagonal is also looking like a prime option. Obviously a 50/50 chance between the two but the smaller than expected movements in Wave 3 seem to suggest that this diagonal will contract instead of expand. We'll see, will update.Nota
Contracting Diagonal appears much more likely than an Extending one.Nota
BTC has dropped deeper than expected however, this should not change the outcome of the current fratacl.Nota
$18K is coming sooner than expected...Nota
Could be due for a move to $23K before smashing down towards $21K.
Decode the wave, anticipate the move // ElliottWaveScience.com
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Decode the wave, anticipate the move // ElliottWaveScience.com
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.