Dear Traders ,
this is 4 hr time frame analysis for short term time period trading (likely intraday )
as we can see Bitcoin is in correction phase . Now we are in zigzag correction (ABC) phase ,where its making Web A with 5 sub wave . As you can see in chart currently we are making 4rt subwave of wave A which will go towards 38% of correction of subwaves whic is coming UP move in few session 42400, 43700, 45000 . Once we will complete this we will see a big down move towards 38000, 36000 .
Happy Trading .
this is 4 hr time frame analysis for short term time period trading (likely intraday )
as we can see Bitcoin is in correction phase . Now we are in zigzag correction (ABC) phase ,where its making Web A with 5 sub wave . As you can see in chart currently we are making 4rt subwave of wave A which will go towards 38% of correction of subwaves whic is coming UP move in few session 42400, 43700, 45000 . Once we will complete this we will see a big down move towards 38000, 36000 .
Happy Trading .
Elliott BABA