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BTC/USD and THETA/USD: Could Bitcoin drive down to monthly support at 13000? [Video]

BTC/USD and THETA/USD: Could Bitcoin drive down to monthly support at 13000? [Video]
Ian ColemanIan ColemanFXStreet

After a small period of consolidation sellers have returned to the crypto markets. This could be seen as the 4th wave correction, Elliott Wave theory, before a possible extended 5th wave lower.

THETAUSD highlights a bullish cypher pattern close to 3.2$, a near 50% devaluation from current levels.

Author

Ian Coleman

Ian Coleman

FXStreet

Ian started his financial career at the age of 18 working as a Junior Swiss Broker at Godsell Astley and Pearce (London). He quickly moved through the ranks and was Desk Manager at RP Martins at the age of 29.

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