Elliott Wave Analysis: BTCUSD Trading In A Correction; Downside Can Be Limited

Gregor Horvat Wavetraders

BTCUSD may unfold a more slow and choppy movement in the next couple of trading sessions as we see a corrective phase in action. We see red wave A completed with three waves and also wave B. Current weakness can now be red wave C, that can search for a base around the 1854 level.

BTCUSD, 4H

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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