higher again and the price has dropped towards the technical support at the level of 4,009. The target is about 1,924, but it may be much lower than this; it is possible this bear market may see the end of Bitcoin. Intermediate wave (C) may end about the upper edge of the black Elliott channel drawn about primary wave. Bitcoin rarely exhibits Fibonacci ratios, so this target does not have a good probability.
Kursy bitcoin wykres, Never sell bitcoin, Kraken bitcoin euro,
When primary wave 2 may be complete, then primary wave 3 should forex radio exhibit an increase in downwards momentum. Daily, click chart to enlarge. WS1 3,897, wS2 3,712, wS3 3,614, trading recommendations: Due to the unfinished corrective cycle in the wave (a) (b) and (c) the sell orders should be placed as close as possible to the level of 4,076 with a protective stop loss above the level. ADX did not remain very extreme for very long at all on the daily chart. If On Balance Volume breaks out before price, it may signal the direction of a price breakout to follow. If this target is wrong, it may not be low enough. Click chart to enlarge.