Bitcoin Has Five Waves Up

Bitcoin has five waves up, which in Elliott wave theory suggests a slow down at least in three waves soon.

Blockchain, Bitcoin, Cryptocurrency, Finance, Business

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BTCUSD has unfolded five waves up from the lows in the 4-hour but seems like wave 5 is still in progress with room up to the 26k-27k area or higher before we will potentially see a reversal down at least in three waves that can retest 21k-20k support zone at the former wave 4.

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We talked about Bitcoin in our Webinar this Monday. You can watch the recording below: 

Video Length: 00:43:29

 


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