BTCUSDT Bullish signal
BTC currently bullish. Area of concern is the 47k range. If BTC finds resistance at this area then we should be anticipating further down move. Breaking the 47k range should see BTC surge to 56k range where another consolidation should occur.
Currently, the price seems to be developing a reversed head and shoulders
Going by Elliott wave analysis, after bottom, price propelled up forming a leading diagonal wave A or 1. Then, followed by a complex correction which find support around the 78% correction level. Currently, the price is at wave C or 3. Let's keep watching what will play out..
Currently, the price seems to be developing a reversed head and shoulders
Going by Elliott wave analysis, after bottom, price propelled up forming a leading diagonal wave A or 1. Then, followed by a complex correction which find support around the 78% correction level. Currently, the price is at wave C or 3. Let's keep watching what will play out..
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