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

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

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.

cryptomarket1h

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

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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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