XBT-USD, ABCDE pattern, flat bottom triangle

2019년 10월 8일

BTC, as we said yesterday, made a false break but did not fixed above 8350 and remained bargained within the triangle. The daily candle closed with a bullish absorption, but confirmation of the second day is still needed. Wave marking remains the same. The price has already approached the lower border of the triangle 3 times, the level is weakening, we think that the price will continue the downward movement
after 4th approach. In case of breaking through the lower border, the target will be the level of 7200. We will consider purchases only after fixing above 8550.
Join our telegram channel to get the latest updates t.me/joinchat/AAAAAEsJVT3_OqJpHFmv3w