Elliott wave Analysis: BTCUSD Trading Bullish

BTCUSD is trading nicely higher for the last couple of days, suggesting that maybe bigger correction on BTCUSD is over. We see a possible low at the 5904 level, from where a nice bounce followed. This can now represent wave i, followed by wave ii that can see support around the 7212 level.

BTCUSD, 1h

Remember we are first looking for only a three-wave reversal to the upside. This is our minimum expectation.

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.