Bitcoin has finished its retrasement of Subminuette Degree A. Now we can expect BTC to head back down to complete its Subminuette C wave at lower Channel support.
Bitcoin Short Term Elliott Wave Update
BTC/UST caps Subminuette-B at the $30,994.97 high now that it has retraced past the 38.2% Subminuette BvsA. Furthermore, it has successfully retraced beyond the 38.2% level of Subminuette BvsA.
Another noteworthy development is the completion of a Micro Degree zigzag for Subminuette-b.
With Subminuette-b likely finished, we can analyze its CvsA. The move has descended to the 88.7% mark, providing additional confirmation for Subminuette CvsB.
Currently, the price is testing the 38.2% Subminuette BvsA at Subminuette Mid-Channel trend line. Critical Support is found at the convergence of Subminuette 138.2% CvsB with 100% CvsA. Moreover these Fibonacci measurments meet along the lower channel trend line. It is important to note that all Fibonacci measurements support and resist.
BTC/USDT FXCM DAILY CHART
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