Elliott Waves on BTC and RUNE hint at one more leg to go [Video]

Stavros Tousios Independent Analyst

$Bitcoin (BTC) has slid further since our last video registering a fresh low as expected and has already recovered some of its losses. The current structure off the low points to a double zigzag correction, however, bulls will need to get a good grip on the swing low of $18.6k to support the narrative.

$Rune (RUNE) experienced a significant rally after its own low but prices have primarily reversed to the golden pocket, making the case of a low-volume downward impulse somewhat more likely than a correction below the 50%. Can bulls hold on to the support, or are we due for further descents? For more details on which is the main and which the alternative scenarios 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.