BTCUSD

Last outlook we anticipated to have a normal Elliott Wave 5 to the downside. However price has continued to trade sideways in a Zig Zag Pattern. Price has not traded below the March 19, 2021 low which completed the Wave 3. The current analysis is that on June 22, 2021 price completed a final WXY Zig Zag at 29563.05 and exactly 6 months ago to the day when price traded upwards from the same support level on January 22, 2021. Our anticipation is for a continuation to the upside in an impulsive manner and will consider the Truncated Wave 5 confirmed once price trades to and stays above 42449.55.
Current Bias is Long BTC and Bearish USD.

Trade Well and Stay Safe !

Kommentera:

Sorry Guys.....This analysis is not correct as far as concerns the identification of the truncated wave. Will Update shortly.