BTC Elliott Wave Analysis for next couple of weeks (Mid-Term)
It seems probable that given no "new money" is entering the crypto market, retesting the down trend support (used to be resistance before we breached) seems very likely. This instance also follows proper elliott wave count with an extended 3rd wave, alternating 2nd/4th impulse waves, and proper retrace in this down trend. Retesting the upper trend line of the original downward wedge seems like the "gas" needed to propel the crypto market in the positive direction for the longer term. I'm open to all critiques! Hope this gives some insight.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.