Elliott Wave intraday analysis: Crypto market is slowing down again [Video]

Gregor Horvat Wavetraders

Crypto market looks to have a completed intraday wedge pattern within subwave »v« of an impulse into wave A/1. With current intraday stabilization, seems like a three-wave a-b-c recovery in wave B/2 can be in play, which can retest 2.1T – 2.2T resistance zone before we will see more weakness for wave C or 3 at least down to 2.0T – 1.9T area. Today we have important US jobs data (NFP), which can bring some volatility, but due to a corrective recovery, also the price can stay slow ahead of the weekend.

For a detailed view you may want to watch below our latest video analysis about Crypto market and Bitcoin:

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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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