Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
BTC/USD, H1 time frame:
From the point of view of wave analysis, the global momentum for the BTC/USD cryptocurrency pair is developing in the long term.
It is worth noting that the market completed the development of the bullish corrective wave 2 in early May, consisting of three main sub-waves [A]-[B]-[C]. After that, the price started to decline and the initial part of the third wave was formed. So far, the first part of it – a five-wave impulse [1] can be observed. Apparently, a correction sub-wave [2] is currently under development.
Most likely, wave [2] is a double zigzag (W)-(X)-(Y). The completion of the bundle wave (X) was recently seen, which was followed by the price growth within the current wave (Y).
Judging by the internal structure, the wave (Y) is a double combination of W-X-Y zigzags.
Now, let's focus on the last sub-wave (Y). There is a high possibility that it is a simple zigzag, in which the first two parts, namely, impulse [A] and correction [B], are completed. In this case, we can expect an increase in impulse [C] to the level of 44500.00 in the next few days. From this price level, the value of the entire correction [2] will be 50% of the momentum [1]. It is very probable to reach the specified coefficient.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
