Elliott Waves on BTC and LUNA break supports [Video]
|Bitcoin (BTC) is moving down impulsively and hints at an end to the upside correction unless the base channel holds its grip. Will $40k give in as easy as $42k or are we in for --at least-- a correction upward? $LUNA (LUNA) is down 30% since last week's all-time high, and it's not looking like stopping any time soon as we extend in wave 3. Losing $75 will add more to its bearishness. Can we rally upwardly for a relief? For more details on their structures and a lot more analyses check my weekly widely anticipated video below:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.