Zostať 
Podmienky obchodovania
Nástroje
Major cryptocurrency news:
The developers of the Polkadot project announced the successful launch of parachains. Currently, the network is divided into five parallel chains. Five parachains: Acala, Astar, Clover, Moonbeam and Parallel Finance were selected through auctions.
Parachains in Polkadot are parallel chains that can interact with each other and with external networks. Each parachain is designed for a specific use case. For example, the Acala Network is used for decentralized finance.
Let's continue to view bitcoin using Elliott Wave theory on an hourly time frame.
BTC/USD H1:
On the BTC/USD pair, a corrective wave [B] is being formed. It takes the form of a double zigzag (W)-(X)-(Y). The correction wave [B] is a part of a large descending simple zigzag [A]-[B]-[C].
Apparently, on December 20, the descending wave bunch (X) was completed, forming a triple zigzag W-X-Y-XX-Z. Then the price impulse movement began. Wave A is most likely being built. It will initiate wave (Y). Wave A is marked with five green sub-waves [1]-[2]-[3]-[4]-[5]. Its end is possible at the level of 51945.00.
Earlier, current wave (W) indicated this level. The chart shows an approximate scheme of possible future movement by trend lines.
Therefore, a further formation of a bullish impulse to the previous high is likely in the near future, it is possible to consider opening buy trades.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
