Weekly forecast for BTCUSD, ETHUSD, LTCUSD, EOSUSD, XRPUSD
Wave analysis for BTCUSD
Buyers do not have enough power to drive the market up according an ascending scenario. That is why, quite a long corrective wave has been formed that doesn’t correspond to an upward scenario (this wave is marked by a box). The Bitcoin is likely to be trading either in a downtrend or in a sideways trend in the near future, as it is outlined in the chart. Therefore, after the corrective linking wave [X] finishes, there may be a decline or a sideways movement. Let us study...
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