Home Litecoin Bitcoin and Litecoin Elliott Wave evaluation: Extra weak spot in view

Bitcoin and Litecoin Elliott Wave evaluation: Extra weak spot in view

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BTCUSD is bearish for the reason that value reached new ATH however solely with three waves so ideally that was massive wave B as a part of an enormous flat or a triangle formation, with extra weak spot in view within the close to future as rally from 43400 unfolded in three waves. A damaged trendline shall be one other affirmation of additional weak spot.

Bitcoin 4h Elliott Wave evaluation

Bitcoin Elliott Wave

Trying into Litecoin, Decrease lows and decrease highs is a pleasant and robust bearish development that lately slowed down at 126.40 space. We see that as a corrective value motion inside downtrend, ideally a triangle in wave 4 so we must always concentrate on extra weak spot, perhaps already from right here after a minor drop under the triangle line. Downward projection is round 100.

Litecoin Elliott Wave evaluation

Litecoin Elliott Wave


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