Bitcoin (#BTCUSD) - EWA

● BTCUSDT

Within the basic count we suppose that there is an older sideways correction of primary wave [4] as a running Contracting triangle, in which structure growth is intermediate wave (B) is in the form of a single zigzag A-B-C. The targets for wave (B) can be the 40300 level, at which point wave (B) will equal  of 1.382 of the wave length (A) on the logarithmic price scale. Further, the sub-wave (C) is expected to decrease.

At the four-hour interval, growth is expected to occur with the final wave [5] of iii as part of the minuette wave (v). Further, a sideways correction of wave iv in the form of a triangle or flat is expected

Global Alt.

We have another, more bullish version of the count, in which the large triangle was formed earlier by the primary wave [4]. Next, the exit from the model was followed up by an intermediate wave (1) as part of the expected wave [5] of V. Long-term purchases under this scenario are possible when the downward correction is completed by wave (2).

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☎ Contacts

• Author: Mark Heavens
• Translator: Oleg Kalmanovich