Possible sideways move on Bitcoin

11/27/2020

Possible sideways move on Bitcoin

After a sharp move up markets often go sideways before moving higher. Here the sideways move on Bitcoin would be wave (iv) taking the shape of a triangle [a,b,c,d,e]. Bitcoin will rebound for wave b, then it will go sideways until there are five waves inside wave (iv). The next move is wave (v) up, the target is above 21000.

Posted by Better Trader on 11/27/2020 at 08:43 AM in Bitcoin, Elliott Wave, Technical Analysis | Permalink

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Better Trader

11/27/2020