Elliott wave Analysis: BTCUSD and Oil Update
|Crude oil has completed five-wave rise, so if we get five-subwaves down within wave a/i, then we can expect at least a deeper three-wave drop within wave c/iii towards 65 level, but after small pullback within wave b/ii.
Crude oil, 1h
BTC is slow in the last days, but we still think it's a part of wave (iv) correction, because it bounced from ideal support around 38,2% Fibo. retracement. and base channel resistance line, which now act as a support. So there's room for more upside towards 8800-9100 within wave (v).
btcusd, 1h
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