Bitcoin Recovering - Elliott Wave Analysis

Published 09/03/2019, 05:55 AM
Updated 07/09/2023, 06:31 AM

Hello fellow traders,

looking at BTC intraday chart, we are tracking a three-wave (a)-(b)-(c) recovery for wave »d«, so be aware of more upside back to 11000-12000 area, where bulls may slow down again for the final wave »e« of a big triangle correction.Meanwhile BTC Futures opened an interesting GAP that can be filled either for a wave (b)/«d« or wave »e« later, near the 10200 region.

All being said, more upside is in view, while price keeps trading above 9000 invalidation level, just be aware of intraday pullbacks.

btcusd, intra

BTCUSD, 1h

btc futures, intra

BTC Futures, 1h

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