It looks like the market reached the bottom. We see that 0.024 support level could stop falling market. If the market bounces from it, this new swing low will be higher that the previous one. It will be good confirmation of possible upward movement.
The price is going to break the support line. Now we can see that the market reached a strong support zone formed by 0.208 support level . If the price drops below this zone, the next one will be at 0.168 support level . Profit targets are 0.29 and 0.37 levels.
Let's look at 1 Day chart of Bitcoin . We are in Wave 5 on a Daily Chart . Bitcoin has gone through waves 1, 2, 3, 4 and is now the last wave in Elliot Chart. The price broke 6000$ psychological level. RSI shows that we are going to bring the price down. We must watch for price action near 6150-6200$ level. If price moves above < 6200$ level, we'll have long opportunity.
The price is going to break the support line. Now we can see that the market reached a strong support zone formed by 0.208 support level . If the price drops below this zone, the next one will be at 0.168 support level . Profit targets are 0.29 and 0.37 levels.
Long opportunity. This is the LTC/BTC 1-day chart for Bitfinix. Entry for long trades can be at 0,0150 level. Profit targets can be at 0,0179 or 0,0190 resistance levels.