BTCUSD Unfolding A Bullish Reversal 

btcusd analysis

Gregor - Author BIO photo

BTCUSD is trading nicely higher for the last couple of days, suggesting that maybe bigger correction on BTCUSD is over. We see a possible low at the 5904 level, from where a nice bounce followed. This can now represent wave i, followed by wave ii that can see support around the 7212 level.

BTCUSD, 1h

btcusd analysis

Remember we are first looking for only a three-wave reversal to the upside. This is our minimum expectation.

Check out video for more details.

(VIDEO) BTCUSD Showing Evidences Of A Reversal

If you see value in video please like this video or leave me a comment below.

 

Disclosure: Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.

http://www.ew-forecast.com/service

@ewforecast

By Gregor Horvat

Find more: Contributing Authors

Leave a Comment


Broker Cyprus TopFX