Elliott Wave Analysis On BTC/USD

BTC/USD is trading close to all-time highs and after the recent strong rise within wave III, seems like ATH is going to be taken out before we will see a slow down into a higher degree wave IV correction. Currently, we are tracking wave (5) of 5 of III that can stop around 20k area and from where longer and deeper pullback may occur.

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BTC/USD, 4h

 

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