Bitcoin's Triangle Likely Caps Gains - ELLIOTT WAVE ANALYSIS
Love it or hate it...Bitcoin's price chart suggests a better buying opportunity may be on the horizon.
The position of this triangle and the tap of the upper price channel line suggests this market is poised for a correction.
Most of the time when a double zigzag like this appears to start a new trend, the entire pattern is completely retraced. Be on the lookout for a push below 10k.
If Bitcoin is successful in moving below 10k, then that will offer up a better price to buy.
The position of this triangle and the tap of the upper price channel line suggests this market is poised for a correction.
Most of the time when a double zigzag like this appears to start a new trend, the entire pattern is completely retraced. Be on the lookout for a push below 10k.
If Bitcoin is successful in moving below 10k, then that will offer up a better price to buy.
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www.seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress