Elliott Wave Analysis: BTC/USD Bouncing Higher
Gregor Horvat | Oct 19, 2017 05:20AM ET
Good morning traders!
Bitcoin came nicely down, right into our Fib. support levels at 5000-5200 where market found a support and bounced nearly 10%. We see an impulsive reaction up to 5700 so we suspect that wave IV is finished and that bitcoin is underway to a new all-time high. There is room for 6100-6400.
BTC/USD, 1H
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