TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Elliott Waves on BTC and ENJ hint at potential bounce [Video]

Elliott Waves on BTC and ENJ hint at potential bounce [Video]
Stavros TousiosStavros TousiosIndependent Analyst

Bitcoin continued to sell off today finally reaching the 70% correction needed for a running flat wave C. Despite looking bouncy below $38K, another leg down seems likely, then, new assessments can be made depending on the upward move. Enjin has not been immune but fairs much better than the king. Below $2 the downside risk remain elevated, however, price action suggest an terminal structure might be close to ending soon. For more details, and a lot more analyses, check my weekly widely anticipated video below:

Author

Stavros Tousios

Stavros Tousios

Independent Analyst

Stavros is leading the Investment Research Team at a reputable Forex broker. He has been involved in the financial markets since 2014 and in cryptocurrencies trading since 2017.

More from Stavros Tousios
Share:

Editor's Picks

Cardano Price Forecast: ADA extends gains after Mastercard deal, Leios testing

Cardano Price Forecast: ADA extends gains after Mastercard deal, Leios testing

Cardano price extends a steady near-term recovery on Monday, inching closer to the long-term 200-day EMA near $0.2464. The recent partnership with Mastercard and the Leios upgrade testing lift ADA investors' spirits. The technical outlook for ADA shows an upside bias as bullish momentum recovers.

Crypto Overview: Bitcoin reclaims $80,000 – Venice Token and NEAR Protocol rally

Crypto Overview: Bitcoin reclaims $80,000 – Venice Token and NEAR Protocol rally

Bitcoin is trading above $81,000 holding firm after a 6% surge on Friday, linked to US financial watchdogs' efforts to structure crypto assets under existing rules following the CLARITY Act's failure to advance. Venice and NEAR Protocol have posted double-digit gains over the last 24 hours, scaling to fresh annual highs.

Top 3 Price Prediction: BTC extends gains, ETH and XRP advance in uptrend

Top 3 Price Prediction: BTC extends gains, ETH and XRP advance in uptrend

Bitcoin, Ethereum, and Ripple extend their gains after posting strong gains of over 5%, 6% and 5%, respectively, last week. BTC trades above $81,300, ETH climbs above $2,600, and XRP holds above the key $1.300 support level. All three momentum indicators suggest early bullish momentum and hint at further gains ahead.

Bitcoin pushes above $81K, faces liquidation test between $83K and $86K

Bitcoin pushes above $81K, faces liquidation test between $83K and $86K

Bitcoin (BTC) rose above $81,000 on Friday after climbing back above the True Market Mean, signaling that the market could potentially have moved back into a bullish regime. The True Market Mean, at $76,660, represents the average price paid by active trading participants. BTC’s move back above the level often signals a return to bullish territory and can trigger positive short-term sentiment.
Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.