Where next for BTC and XRP? [Video]

Stavros Tousios Independent Analyst

Bitcoin (BTC) has completed a 5-wave move to the upside, but the impulse technical ended a running flat too. Below the base channel, the trend has definitely lost steam but is it a wave one downward or another correction before an upward spiral?

Ripple (XRP) has a structure resembling a correction, but its origin started from the bottom up. This suggests it is correcting in a complex pattern and is unlikely to have finished due to its corrective downward leg.

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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