Elliott waves on BTC & ETH hint at more weakness [Video]

Stavros Tousios Independent Analyst

Bitcoin (BTC) failed to reach the previous swing at 46k in its most recent attempt and reversed. After completing a clear 3-wave structure there, its current price action being impulsive is a telling sign. Will it continue to slide? Ethereum (ETH) has printed an identical structure, but its downward impulse seems to be one step ahead. That doesn't mean it's at a better position, but that it's falling faster. If you want 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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