BTCUSD chart, minute level: Elliott Waves and Support Levels.

dkn(47)
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All right, folks!

Here comes the update on the BTCUSD chart.
3 day ago I have posted the sketch for the A-B-C correction or the wave 2:

Here is the picture now (unedited, we the same A-B-C wave):
a-b-c.png

The markers are edited and the minute waves added:
minute.png
I expect the one more impulse aimed the $8 000 level.

If my primary count is correct and we are now in the wave 2 of the intermediate level, the 3-rd wave should be strong and it will finally break the downtrend corridor:
channel.png

The alternative is that the major correction in not a simple A-B-C ZigZag, but the Double ZZ:
2zz.png
That will be the case if $8 000 will not work out as a resistance and current intermediate wave pattern will be an impulse (wave A), but not the A-B-C (wave 2).

Coming back you soon,

Stay tuned!

BTCUSD chart, minute level: Elliott Waves and Support Levels. | Ecency