BTCUSD is moving nicely bearish within a five-wave cycle as expected and looks like there's room for more weakness, so after an intraday pullback in wave (iv) be aware of a continuation lower for wave (v) of »iii«. Ideal resistance is at the former wave iv around 44k level.

Bitcoin 1h Elliott Wave analysis

Bitcoin Elliott Wave

ETHUSD keeps moving lower and looks like we are still in wave 3, so after a pullback in wave 4 that can occur during the weekend, be aware of more weakness for wave 5, but only while it's below 3600 invalidation level. Ideal resistance is 3300-3500 area.

Ethereum 1h Elliott Wave analysis

Ethereum Elliott Wave

Bitcoin Elliott Wave and sentiment video analysis 


Check more of our analysis for currencies and cryptos in members-only area. Visit Wavetraders for details!


By using Wavetraders website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.wavetraders.com are provided for informational and educational purposes only!

By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.

Recommended content


Recommended Content

Editors’ Picks

Crypto Today: ADA, AVAX, TON in profit as BTC stalls at $100K

Crypto Today: ADA, AVAX, TON in profit as BTC stalls at $100K

Altcoin market updates: ADA, AVAX, TON emerge as top gainers While BTC has stagnated on Monday, traders are redirecting capital toward mid-cap assets, driving the likes of Cardano (ADA), Avalanche (AVAX) and Toncoin (TON) above key resistance levels.

More Cryptocurrencies News
Ripple's XRP aims for $1.96 as WisdomTree registers for an XRP ETF in the US

Ripple's XRP aims for $1.96 as WisdomTree registers for an XRP ETF in the US

Ripple's XRP surged over 7% on Monday and aims to stage a rally toward its April 2021 high after WisdomTree registered for an XRP ETF in the US state of Delaware on Monday.
More Ripple News
Toncoin Price Forecast: Crypto whales spotted buying $30M TON in 4 days, amid Gensler’s exit

Toncoin Price Forecast: Crypto whales spotted buying $30M TON in 4 days, amid Gensler’s exit

Toncoin price opened trading at $6.2 on Monday, up 27% since Gary Gensler's exit confirmation on November 21. On-chain data trends suggest a $7 breakout could follow as whale investors have scaled up demand for TON considerably over the last 5 days. 

More Crypto News
MicroStrategy set to push Bitcoin to new highs after 55,500 BTC acquisition, should investors be concerned?

MicroStrategy set to push Bitcoin to new highs after 55,500 BTC acquisition, should investors be concerned?

MicroStrategy revealed on Monday that it made another heavy Bitcoin purchase, acquiring 55,500 BTC for $5.4 billion at an average rate of $97,862 per coin.

More Crypto News
Bitcoin: Rally expected to continue as BTC nears $100K

Bitcoin: Rally expected to continue as BTC nears $100K

Bitcoin (BTC) reached a new all-time high of $99,419, just inches away from the $100K milestone and has rallied over 9% so far this week. This bullish momentum was supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale’s recent launch of the Bitcoin ETF options also fueled the rally this week. 

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP