[08/23] Beast Trading _ Today's Bitcoin Analysis
Beast Trading _ Today's Bitcoin Analysis
Bitcoin continues to flow in a similar way, so today I'm going to give a briefing on the Ethereum chart.
First, you can find parallel channels formed up and down at the high point, where the resistance is valid without breaking the resistance line, and the lower line was originally a support line, but a strong drop broke the support line. After that, it's changed to resistance.
Therefore, the line at the bottom is likely to be the first trend resistance line, and the line at the top is likely to be the second trend resistance line.
If you look at the Elliott wave, you can see that it's coming out in a much cleaner wave than Bitcoin.
First, it is clear that it has come down as a downward impulse like Bitcoin. However, it seems that the standard shape of impulse waves is coming out, such as a picture with three waves expanded more neatly than Bitcoin, the return of four waves reaching 0.236, and converging without breaking the low point at four waves.
First of all, I think it's a convergence section of four waves, and after convergence, I think I'll renew the low point once again.
Bitcoin continues to flow in a similar way, so today I'm going to give a briefing on the Ethereum chart.
First, you can find parallel channels formed up and down at the high point, where the resistance is valid without breaking the resistance line, and the lower line was originally a support line, but a strong drop broke the support line. After that, it's changed to resistance.
Therefore, the line at the bottom is likely to be the first trend resistance line, and the line at the top is likely to be the second trend resistance line.
If you look at the Elliott wave, you can see that it's coming out in a much cleaner wave than Bitcoin.
First, it is clear that it has come down as a downward impulse like Bitcoin. However, it seems that the standard shape of impulse waves is coming out, such as a picture with three waves expanded more neatly than Bitcoin, the return of four waves reaching 0.236, and converging without breaking the low point at four waves.
First of all, I think it's a convergence section of four waves, and after convergence, I think I'll renew the low point once again.