BTCUSD - There's more?
Bitcoin.
Cryptos have been jumping higher after dropping for two months. Although it is a very unclear phase - about whether the correction is over or not. This count is based on Elliott wave analysis. If the last drop can be counted in 5 waves, that may imply one more downward wave correction to complete the ABC structure. Let's not forget that the crypto has rallied FOR MONTHS, and usually corrections tend to be quite long and tedious after such moves. So the possibility of further correction cannot be ruled out yet.
Manage your risk while trading.
Cryptos have been jumping higher after dropping for two months. Although it is a very unclear phase - about whether the correction is over or not. This count is based on Elliott wave analysis. If the last drop can be counted in 5 waves, that may imply one more downward wave correction to complete the ABC structure. Let's not forget that the crypto has rallied FOR MONTHS, and usually corrections tend to be quite long and tedious after such moves. So the possibility of further correction cannot be ruled out yet.
Manage your risk while trading.
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