Today we are going to analyze the BTC/USD - D1, on the Bitfinex we have a false breakout pattern in the macro tendency, creating a new bullish cycle. The false breakout, work with the momentum principle that “no market movement is validated by just on candle”, this kind of movement, reflex the euphory of the opposite side of the breaking resulting in a beautiful wave of Elliot.
Next, we observe the projection of the waves in a bullish tendency to the peak at 19.000 price level. Before that, we believe in a congestion zone, on the A, B, C retracement before a new bullish cycle of waves.
Next, we observe the projection of the waves in a bullish tendency to the peak at 19.000 price level. Before that, we believe in a congestion zone, on the A, B, C retracement before a new bullish cycle of waves.