BTC and RUNE uniform [Video]

Stavros Tousios Independent Analyst

$Bitcoin (BTC) has printed a low in light of the completion of irregular flat wave B. It might be a running or expanding variation depending on where it ends, forming the final 5-wave leg. What is shared between the variations is that both are expected to move up in the short term, either as an impulse or a diagonal.

$Rune (RUNE) is expected to offer a similar opportunity in the short term, but the two structures are not comparable in the medium term. With a leading diagonal preceding the flat pattern expected to end higher, the downside might be more powerful and faster, leading to a quicker long-term reversal.

Author

Stavros Tousios

Independent Analyst

Stavros is leading the Investment Research Team at a reputable Forex broker. He has been involved in the financial markets since 2014 and in cryptocurrencies trading since 2017.

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