Featrued chart by Stockcharts.com
Elliott Wave Analysis by Raul Fernando Luna Toro
BTC is sliding quickly to Minor Degree lower channel trend line. And given the complete impulse at %25250.00, chances are good the benchmark crypto is most likely pushing through this support. The 21351.07 Minor degree low is the next support level and a good time to dip in. Noticed that the 20943.40 Fibonacci 38.2% is right below Minor 4 low. This area is a good support level do to the 38.2% and both Minor and Minute degree 4 zones. Below this, there is the 19767.88 and the 18658.34 61.8% Fibonacci 2vs1 retracements. Great buying opportunities!
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