BTC/USD and AAVE can see deeper pullbacks
Some ALTcoins are still under bullish pressure, while majors Cryptos can be finishing their five-wave cycles, but keep in mind that we are in final stages and at the potential strong target area, so carefully because current spikes on selective coins can be limited.
BTC/USD
BTCUSD turned down exactly from the projected target area for wave V of (III), so seems like a higher degree wave (IV) correction can be now in play, which can send the price back below 50k before we will see next bullish continuation. Was coinbase IPO a game-changer here, similar to Bitcoin futures in 2017?
AAVEUSD
AAVEUSD is looking for deeper and complex w-x-y corrective decline that can send the price even down to 210 – 145 support area before we will see a bullish continuation.
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Author
Gregor Horvat
Wavetraders
Experience Grega is based in Slovenia and has been in the Forex market since 2003.
