Elliott wave forecast for BTCUSD, ETHUSD, LTCUSD, EOSUSD, XRPUSD
Elliott wave BTCUSD analysis
The market continues forming a global corrective wave 4. This wave is developing as a double zigzag [W]-[X]-[Y]. After linking wave [X] had completed, there started a new downward wave [Y]. The BTCUSD is likely to be declining in the next few months. Let us study the chart structure in more detail in the H8 timeframe.
The linking wave [X] has been complete as a plain upward zigzag; afterwards, there emerged the initial part of new downtrend. The leading diagonal (1) is likely to be forming now….
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