Elliott Waves on BTC and ENJ hint at potential bounce [Video]

Stavros Tousios Independent Analyst

Bitcoin continued to sell off today finally reaching the 70% correction needed for a running flat wave C. Despite looking bouncy below $38K, another leg down seems likely, then, new assessments can be made depending on the upward move. Enjin has not been immune but fairs much better than the king. Below $2 the downside risk remain elevated, however, price action suggest an terminal structure might be close to ending soon. For more details, and a lot more analyses, check my weekly widely anticipated video below:

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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