Forecast for BTCUSD, ETHUSD, LTCUSD, EOSUSD, XRPUSD
Wave analysis for BTCUSD
The market continues moving down in the long-term downward triple zigzag [W]-[X]-[Y]-[X]-[Z] that has been developing during 2018 and 2019. The upward corrective linking wave [X] is about to complete soon. Afterwards, the price should be going down in the new descending wave [Z]. Let us see the chart structure in more detail in the four-hour timeframe.
The chart presents the structure of the final part of the upward corrective wave [X]. Wave X is taking the shape of a plain zigzag A-B-C. After the B wave completed in the…
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