empty
 
 
28.03.2019 08:46 AM
Bitcoin Elliott Wave analysis for 28/03/2019

Technical market overview:

The BTC/USD pair has tested the technical resistance level at $4,076 but did not move higher as the momentum is now decreasing in overbought market conditions. Please notice, that the recent down move was made in three waves only, so it must be a part of the correction to the downside and in this case, it is the wave (c). Nevertheless, the move down is getting complex and tricky, so additional caution is required. The outlook remains bearish as there is still uncompleted wave (c) of the wave 2.

Weekly Pivot Points:

WR3 - $4,204

WR2 - $4,154

WR1 - $4,072

Weekly Pivot - $4,017

WS1 - $3,925

WS2 - $3,867

WS3 - $3,781

Trading recommendations:

The market is still unfolding the wave (c) to the downside, but the second target level at $3,813 has not been hit yet. There is now a chance to join the wave (c) down move by opening sell orders below the level of $4,077.

This image is no longer relevant

Sebastian Seliga,
Especialista em análise na InstaForex
© 2007-2026
Summary
Urgency
Analytic
Sebastian Seliga
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $10000 mais!
    Em Janeiro nós sorteamos $10000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback