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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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。