ew-forecast

Are Bitcoin And ALTcoin Friends In Summer Consolidation?

Long
BITSTAMP:BTCUSD   Bitcoin
Since 2018 Bitcoin and other cryptos were mostly consolidating through summer before they eventually broke out, in September or October.

If we take a look at BTCUSD chart from Elliott wave perspective, we can see it unfolding a five-wave bullish cycle. Notice that final subwave V can be still missing, so after current wave IV correction that can take even more time through the summer, watch out for a bullish resumption within wave V.

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