Hello traders,

As expected, Bitcoin stopped at important resistance area around 8000 level for wave 3 and clearly with five sub-waves, which means that we should be aware of a deeper a-b-c correction in wave 4 here. However, the price is still at the highs, so only a sharp and impulsive decline would be a signal for a completed five-wave cycle within wave 3.

BTCUSD, 4h

Even Dash came into new highs and potential resistance area for wave "v" of C/3 very quickly, so here as well we should be aware of a deeper a-b-c pullback soon. However, there is still some room towards 150-160 area, but this can be reached with a spike, so carefully at this stage.

DASH, 4h

 


 

Interested in active FX or CRYPTO Elliott Wave labeled charts on a daily basis? Now its your time; we have Limited Offer; get a 14 day trial for 1€. Check our website at www.ew-forecast.com for more details.

By using www.ew-forecast.com website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.ew-forecast.com are provided for informational and educational purposes only!

By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin price analysis: BTC/USD attempts a recovery, still well below critical $10,000

Bitcoin (BTC) has recovered from the recent low of $9,234 to trade above $9,500 by the time of writing. However, despite the recovery, the first digital coin is still down 11% on a day-on-day basis and substantially below psychological $10,000. 

More Bitcoin News

Ripple CEO responds to Trump tweets and Mnuchin conference

Brad Garlinghouse, the CEO of Ripple, responded to President Donald Trump’s recent tweets on cryptocurrency and Secretary of Treasury Steve Mnuchin’s press conference. Garlinghouse took to Twitter to firstly state that he didn’t believe that cryptocurrencies pose a threat to Fiat currencies.

More Ripple News

Retail Investors Can Now Bet on Bitcoin Hitting $100,000 by 2020

This bullish bet on Bitcoin is the first crypto derivatives product open to mom and pop investors since LedgerX sealed approval from the U.S. Commodity Futures Trading Commission (CFTC) to serve as a designated contract market for clients of any size, as Cointelegraph reported in June. 

More Bitcoin News

Litecoin price analysis: LTC/USD bulls desperate to push the price above $81.00

Litecoin collapsed to $76.46 on Tuesday amid global sell-off on the cryptocurrency market. The coin lost one position in the global cryptocurrency rating, now it is the fifth largest coin with the current market capitalization of $4.9 billion and an average daily trading volume over $3 billion.

More Litecoin News

Bitcoin Weekly Forecast: BTC bulls get ready for a major assault

The cryptocurrency market has been pretty volatile this week. Bitcoin stayed in the green zone despite wild price gyrations, while major altcoins are nursing double-digit losses on a week-on-week basis.

Read the weekly forecast

BTC

ETH

XRP