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Crypto market is still bullish despite a new sell-off [Video]

Crypto market is still bullish despite a new sell-off [Video]
Gregor HorvatGregor HorvatWavetraders

Crypto market faced some deeper decline, but still looks like a complex W-X-Y correction in wave 4 within a bullish trend for wave 5. A drop came from a stock market slowdown due to end of the month flows last week on Friday and due to US tariffs. However, now that US tariffs for Mexico and Canada are delayed, we can see a strong stabilization and recovery, which can be an indication for a bullish continuation within a new five-wave bullish cycle for wave 5, at least for the first half of 2025.

Chart

Crypto total four-hour chart

For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on February 03 2025:

Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

Author

Gregor Horvat

Gregor Horvat

Wavetraders

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

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