empty
 
 
21.03.2019 09:29 AM
Elliott Wave analysis of Bitcoin for 21/03/2019

Technical market overview:

The BTC/USD pair has completed the wave (a) of the move up and now is unfolding wave (b). The recent top at the level of $4,101 might be the top for the wave (b), so if the market will break through it, the next target is seen at the level of $4,122 and the wave (b) top will be invalidated. Any price movement above the level of $4,122 will invalidate the current bearish outlook and will make the spike to the level of $4,246 more possible.

Weekly Pivot Points:

WR3 - $4,456

WR2 - $4,282

WR1 - $4,180

Weekly Pivot - $4,000

WS1 - $3,897

WS2 - $3,712

WS3 - $3,614

Trading recommendations:

Due to the unfinished corrective cycle in the wave (b) and (c), the sell orders should be placed as close as possible to the level of $4,101 with a protective stop loss above the level of $4,122. Any breakout above this level invalidates the bearish outlook.

This image is no longer relevant

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback