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Elliott waves on BTC and RUNE show bearishness [Video]

Elliott waves on BTC and RUNE show bearishness [Video]
Stavros TousiosStavros TousiosIndependent Analyst

Bitcoin (BTC) continues to trade sideways but its price action hints at more upside in the short term, whereas the short-to-medium term is somewhat bearish. The main scenario, in fact, points to 32k at least, then down. Rune (Rune) has a slightly different main count compared to bitcoin, but the short-term price action will determine whether we see a lower low or a higher high first. The two short-term variations suggest a 4th wave is to be expected and is not. Which pattern will play out? For more details on which is the main and which the alternative scenarios 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.

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