Elliott Waves on BTC and LUNA break supports [Video]

Stavros Tousios Independent Analyst

Bitcoin (BTC) is moving down impulsively and hints at an end to the upside correction unless the base channel holds its grip. Will $40k give in as easy as $42k or are we in for --at least-- a correction upward? $LUNA (LUNA) is down 30% since last week's all-time high, and it's not looking like stopping any time soon as we extend in wave 3. Losing $75 will add more to its bearishness. Can we rally upwardly for a relief? For more details on their structures and a lot more analyses check my weekly widely anticipated video below:

Author

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.

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