Elliott Waves on BTC & DENT one more leg down? [Video]

Stavros Tousios Independent Analyst

Bitcoin (BTC) has staged a decent recovery recently, rising some 15% after correcting a 5-wave downside leg. Currently in a bearish ending diagonal wave 5, can the upside correction in wave b deepen into higher territories? Dent (DENT) has printed an identical structure, but soared 30% instead. Also in an ending diagonal wave 5, both cryptocurrencies could fall once more before the real reversal plays out. 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.

XRP steadies in narrow range as fund inflows, futures interest rise

Ripple is trading in a narrow range between $1.45 (immediate support) and $1.50 (resistance) at the time of writing on Monday. The remittance token extended its recovery last week, peaking at $1.67 on Sunday from the weekly open at $1.43.

Crypto Today: Bitcoin, Ethereum, XRP trade within range amid low retail interest

Bitcoin, Ethereum and Ripple continue to exhibit subdued volatility, consolidating within narrow ranges at the time of writing on Monday. Persistent low retail participation and weak technical structures limit the chances of any extended upside price movements.