Connect with us

Hi, what are you looking for?

ELEVENEWS

Bitcoin Cash

Triangle on BTCUSD points lower – Elliott wave analysis

Hello traders,

Cryptos are still slow while waiting for the stock market to find potential resistance. That said, it seems like it may occur soon, as we see a corrective intraday sideways triangle consolidation within a wave (b) of »y«, which can be ending. As such, be aware of further weakness at least for a wave (c) of »y« that can push the price down to 8500 – 8000 area.

BTCUSD, 1h


Interested in more analysis like this? Visit us at www.ew-forecast.comand get actionable Elliott Wave charts today.

News Source

Advertisement

Copyright © 2020 Elevenews