Condiciones de negociación
Products
Herramientas
Bitcoin Elliott Wave analysis for 04/02/2019:
Wave B is developing, more sideways price action is expected
Market technical overview:
The BTC/USD market has made the wave (c) top at the level of $3,544 and has reversed towards the level of technical support at $3,438 and now it is consolidating in this area. The orange trend line is still acting as a short-term dynamic resistance and the price is nicely respecting this line. The overall corrective cycle in the wave B might have been completed, however, it would be quite short in time, so there is still a chance for more waves to come. The next wave progression should be directed to the downside towards the levels of $3,438 and $3,385.
Weekly Pivots:
WR3 - $3,711
WR2 - $3,640
WR1- $3,528
Weekly Pivot - $3,456
WS1 - $3,349
WS2 - $3,277
WS3 - $3,168
Trading recommendations:
The market might move down towards the levels of $3,438 and $3,385, so only the sell orders should be opened. If the level of $3,385 is violated clearly, the sell-off should accelerate towards the level of $3,222. Only a sustained breakout above the level of $3,544 would change the outlook to more bullish with the target at $3,640.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.