There is no big changes in the Crypto market over the weekend actually. We have seen slow and mostly sideways price action, which we still think it's a consolidation within a downtrend.
After another sharp decline, seems like Crypto market is making a new short-term corrective recovery so, still be aware of a bearish continuation, but maybe after some Monday's rally.
BCHUSD is one of the weakest and looks like bears are still in control after recent three-wave corrective recovery in the 4-hour chart. We actually still see it in wave 4 correction of a bigger ending diagonal pattern that can retest the lows for the final wave 5 of (C) before we will see a bullish reversal.
In ending diagonals, final wave 5 should be completed by a three-wave a-b-c decline, so watch out for more weakness within wave "c" of 5 after recent wave "b" pullback.
Bitcoin Cash 4h Elliott Wave 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
Editors’ Picks
Dozens of crypto-related ETFs await SEC approval, among them those related to XRP, Litecoin, and Solana
Eric Balchunas, Senior ETF Analyst for Bloomberg, highlights 72 crypto-related ETFs awaiting SEC approval. The diversity of these ETFs encompasses major cryptocurrencies, such as XRP, Litecoin, and Solana, as well as meme-based memecoins.
Aptos price extends gains on broader crypto market recovery, presence in Osaka expo
APT token rises for the second consecutive day amid a widespread crypto recovery and expectations of growing adoption. Aptos powers the official digital wallet of Expo 2025 in Osaka, processing over 588,000 transactions with 133,000 new accounts.
Bitcoin bullish momentum builds as premium exceeds 9% for first time in three months
Bitcoin price is extending its gains, trading above $94,000 at the time of writing on Wednesday, following a two-day rally of 9.75% so far this week. BTC rally gathers momentum as trade war fears ease, following US President Donald Trump’s downplaying of tensions with China.
Solana and Sui surge, igniting interest in DeFi as TVL rebounds
Altcoins like Solana (SOL) and Sui gain strength on Wednesday, buoyed by several factors, including a significant recovery in the networks' Total Value Locked (TVL) in Decentralized Finance (DeFi).
Bitcoin Weekly Forecast: BTC holds steady, Fed warns of tariffs’ impact, as Gold hits new highs
Bitcoin price consolidates above $84,000 on Friday, a short-term support that has gained significance this week. The world's largest cryptocurrency by market capitalization continued to weather storms caused by US President Donald Trump's incessant trade war with China after pausing reciprocal tariffs for 90 days on April 9 for other countries.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.