empty
 
 
05.04.2019 08:35 AM
Elliott Wave analysis of Bitcoin for 05/04/2019

Technical market overview:

The BTC/USD pair has made three sub-waves down to the level of $4,798, so clearly the corrective cycle is still unfolding. The main support zone is located between the levels of $4,709 - $4,759 and breakout below this zone will not be good for bulls, so they will likely defend it hard. Anyway, the market has bounced from the level of $4,798 and retraced 50% of the first wave of correction, but this move is still a part of a larger corrective pattern and the overall trend remains bullish.

Weekly Pivot Points:

WR3 - $4,530

WR2 - $4,354

WR1 - $4,258

Weekly Pivot - $4,077

WS1 - $3,989

WS2 - $3,805

WS3 - $3,717

Trading recommendations:

As the market enters the corrective cycle, only the buy orders should be opened due to the larger timeframe trend. Please keep an eye on the level of $4,709 as well as any breakout below this level will directly expose the next technical support at the level of $4,600.

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 $5000 more!
    In November we raffle $5000 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