TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Elliott wave analysis: BTC/USD and IOT/USD turning lower

Elliott wave analysis: BTC/USD and IOT/USD turning lower
Gregor HorvatGregor HorvatWavetraders

Cryptos are down as expected, due to fear of potential higher US capital texes and legal issues but there can be some potential support. However, on the intraday basis seems like a five-wave cycle is unfinished, so be aware of a downside pressure today and maybe we will see some recovery during the weekend.

BTC/USD

BTCUSD is slowing down after we noticed wave 5 of V, so be aware of deeper and longer higher degree correction now which should be made by three waves A-B-C down to the first support around 43k level.

Bitcoin

IOT/USD is turning nicely down after we noticed 5th wave, so we are tracking a higher degree A-B-C correction that can stop anywhere here in the 1.45 – 0.90 zone. Waiting for strong and impulsive rebound to confirm a completed correction.

IOTA

Finally, another ELLIOTT WAVE OPEN DOOR Event is here. See all of our charts FREE for 10 days. Join us at www.ew-forecast.com/register

Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

More from Gregor Horvat
Share:

Editor's Picks

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.

Crypto Today: Bitcoin steadies around $70,000, Ethereum and XRP remain under pressure 

Crypto Today: Bitcoin steadies around $70,000, Ethereum and XRP remain under pressure 

Bitcoin hovers around $70,000, up near 15% from last week's low of $60,000 despite low retail demand. Ethereum delicately holds $2,000 support as weak technicals weigh amid declining futures Open Interest.

Pi Network extends decline as steady mainnet migration adds pressure

Pi Network extends decline as steady mainnet migration adds pressure

PI edges lower by over 3% at press time on Monday, marking a third consecutive day of losses. The declining trend in PI aligns with the steady mainnet migration of PI tokens, which may fuel selling pressure. The technical outlook for PI remains bearish, with bearish momentum persisting. 

Bitcoin slips below $70,000 as ETF outflows, realized losses fuel bearish outlook

Bitcoin slips below $70,000 as ETF outflows, realized losses fuel bearish outlook

Bitcoin price trades in red below $70,000 on Monday after correcting nearly 9% in the previous week. US-listed spot ETFs recorded a $318 million weekly outflow, marking the third consecutive week of withdrawals.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: The worst may be behind us

Bitcoin: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.