BTC Update For 16th May.Find How Forecast Is Going To Get 100% Accurate!

in bitcoin •  6 months ago

On May 9th, I had analyzed BTCUSD and found a strong support for BTC. The support level was at 8000~7870! You can check my idea Here!

The below charts of BTC has been updated to show the current condition of the market. I am providing some technical analysis based on the Elliott wave pattern, chart pattern.
To remind you I should provide the support level and most important support level again!

impsprt for btc.png

At the time of writing, BTC was trading at 8200. If You look at the trend you will see a possible bearflag is forming.possiblebearflag.png
This time you have to keep patient again. If BTC keeps this support at 8100 it will go back to 8500 and retest its resistance. I believe, after hitting at its maximum support the second Elliott wave will be accomplished that i have predicted this earlier week.
elliotwave for btc.png

Check Here For More Details!

Disclaimer: Everything written here is for discussion purpose only and should not be taken as advice to invest your capital. Always Speak with a professional financial planner or advisor before making any investment decision. Never make a trade based on what you see here. Your capital may be at risk in cryptocurrency trading.


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