Elliott Waves on BTC and SOL hint at short-term correction [Video]

Stavros Tousios Independent Analyst

Bitcoin has plummeted to July '21 lows as it follows the double zigzag pattern identified a while ago. Remaining below $33k will increase the chances of continuing lower down to $23k in a 5-wave style. $LUNA (LUNA) erased more than 50% of its value in a single session on Monday. The extended downward move hints at further bearishness, but a range can be expected before completing the first corrective wave. For more details on which are the main and which the alternative scenarios 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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