What's next for BTC and DENT? [Video]

Stavros Tousios Independent Analyst

$Bitcoin (BTC) seems to be still in a corrective mode, but if so, with an irregular B in place. The long-term count remains intact, with new variations only in the short term. If wave (2) is complete, a 1-2, 1-2 is the most likely scenario next to an ending diagonal.

$Dent (DENT) is also in a corrective mode, but its downward structure shows a more straightforward path. Currently in a symmetrical consolidation, it resembles a triangle. And triangles are followed by motive waves, which increases the chance for short-term losses.

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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