Forecast for BTCUSD, LTCUSD, ETHUSD, EOSUSD, XRPUSD pairs
Wave analysis for BTCUSD
The market goes on moving inside a global corrective wave 4 which is shaped as double zigzag [W]-[X]-[Y]. The ultimate part of this double zigzag, namely wave [Y], is forming at the moment. Let’s examine its structure in detail on the H8 time frame.
We see that wave [Y] is a triple zigzag which consists of 5 sub-waves – (W), (X), (Y), (XX), (Z). Waves (W), (X) and (Y) have fully formed while wave (XX) is still forming. Wave (XX) is most likely to form as skewed…
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