The rally from $4000 low moved correctively and took the shape of Elliot Wave double zigzag pattern, labeled w-x-y.
According to the theory, once a correction is completed the price resumes in the direction of larger trend, which is bearish in the BTCUSD case.
Prices also break out of the rising wedge support decisively further signaling the completion of the correction.
Price has the potential to take previous low in the anticipated decline.
Do you think BTCUSD will retest $4000 again?
According to the theory, once a correction is completed the price resumes in the direction of larger trend, which is bearish in the BTCUSD case.
Prices also break out of the rising wedge support decisively further signaling the completion of the correction.
Price has the potential to take previous low in the anticipated decline.
Do you think BTCUSD will retest $4000 again?
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.