This is an updated version of my previous post. Had adjusted the position of the Elliot waves.
We may now be entering correction wave B, or a little more drop to rise again shortly after.
Bullish in the short-term.
This recent uptrend for bitcoin could be minimized version of the previous uptrend towards 60k. If the succeeding Elliot Waves were to be similar to the preceding one, then it would seem likely that bitcoin prices could fall in the short term. Additionally, by looking at the Fibonacci levels and the light green trendline, bitcoin has been hitting some levels of...
- Ethereum has had a pattern of having corrections after 23 days of an upward trend.
- Even more so when the RSI is over 70 along with that timeframe.
- Ethereum may experience a correction in 1-3 days or so—according to this pattern.
- Price may reach a resistance level (around $2300) and perhaps bounce back. The degree of correction remains uncertain.
