BTCUSD Update - Elliott Wave Video Analysis
|Hi traders,
On the daily chart, Bitcoin did not make a five-wave bullish reversal yet, so price is still in bearish mode. We are tracking a double (A)-(B)-(C) correction, where the final wave (C) can be forming an ending diagonal, which means that BTC still points into new lows towards 5000-4000 area, as long as it's trading beneath 8500 region.
Below you can also check our Video Analysis for BTCUSD, where we have a more detailed view.
Video Analysis
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