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We provide advanced information about Elliott Wave theory in real-time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help market participants, who are interested in Elliott Wave theory, to understand the investor's mood and market cycles. We are doing our best to explain our views as simply as possible when tracking the market cycles from pessimism to optimism and vice versa.
Good morning crypto traders! Crypto market remains unchanged since yesterday and we are still looking for more upside on the intraday basis but be aware of the final push before we will see a new higher degree corrective decline.
Bitcoin, BTCUSD looks to be trading or finishing sub wave (iv) triangle correction, so wave (V) of »v« can be now in progress that can stop around all-time highs, which means that a bigger, higher degree correction can be around the corner. Support zone is 58k-54k, while bulls would be invalidated below 50k.
Bitcoin 1h Elliott Wave Analysis
Ripple, XRPUSD made a nice three-wave A-B-C setback into projected support, ideally as part of wave (2). Well, with current strong bounce, seems like bulls are still here, so in case if rallies back to 1.1850 level, then we can easily start tracking wave (3) of a five-wave bullish cycle.
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Ripple 1h Elliott Wave Analysis