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HomeContributorsTechnical AnalysisElliott Wave Analysis: BTCUSD Trading In A Correction; Downside Can Be Limited

Elliott Wave Analysis: BTCUSD Trading In A Correction; Downside Can Be Limited

Elliott Wave Financial Service
By Elliott Wave Financial Service

BTCUSD may unfold a more slow and choppy movement in the next couple of trading sessions as we see a corrective phase in action. We see red wave A completed with three waves and also wave B. Current weakness can now be red wave C, that can search for a base around the 1854 level.

BTCUSD, 4H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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