BITCOIN: 8 May, 2024
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M
The broader context suggests that wave 4-red appears to have ended, allowing wave 5-red to unfold upwards.
The short-term outlook suggests that Bitcoin has just completed wave (i)-purple, and wave (ii)-purple is unfolding to push lower, targeting support around 60889-59844, before the third wave returns to begin its process. Pushing above the level of 67232.35 would further strengthen the medium-term bullish perspective, aiming for a target around 74000.00 - 78000.00.
Invalidation point: 56552.82
The broader context suggests that wave 4-red appears to have ended, allowing wave 5-red to unfold upwards.
The short-term outlook suggests that Bitcoin has just completed wave (i)-purple, and wave (ii)-purple is unfolding to push lower, targeting support around 60889-59844, before the third wave returns to begin its process. Pushing above the level of 67232.35 would further strengthen the medium-term bullish perspective, aiming for a target around 74000.00 - 78000.00.
Invalidation point: 56552.82
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.