BTC goes on its movement in two ascending channels, and seems to have a difficult condition in order to break the resistance ahead. So, long-term traders better to be alert for suitable decision.
I' m a learner, and not experienced trader. It's nearly a few months a question turns round and round in my head: Can Elliot Waves Rules still work in the present trend of stock market? As one of those rules, we have read a corrective wave can never retrace the whole previous impulsive wave. But, in the chart belonged to BTCUSDT in a weekly time frame I've...
In a monthly time frame, I think the last wave is supposed to brake the channel within approximately 5 years and reach to the point I have shown.