Elliott waves on BTC and RUNE show bearishness [Video]
|Bitcoin (BTC) continues to trade sideways but its price action hints at more upside in the short term, whereas the short-to-medium term is somewhat bearish. The main scenario, in fact, points to 32k at least, then down. Rune (Rune) has a slightly different main count compared to bitcoin, but the short-term price action will determine whether we see a lower low or a higher high first. The two short-term variations suggest a 4th wave is to be expected and is not. Which pattern will play out? For more details on which is the main and which the alternative scenarios 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.