Hi guys,
One of the rules for trend continuation in Elliott waves theory is that correction should't drop (close) beneath previous corrective wave.
Although BTC's price got lower, on the total market cap of cryptos we actually had a perfect retest of the previous highs where the 2017/2018 correction begun.
I marked thee happy/sad areas one chart for continuation :)
Happy hunting !
One of the rules for trend continuation in Elliott waves theory is that correction should't drop (close) beneath previous corrective wave.
Although BTC's price got lower, on the total market cap of cryptos we actually had a perfect retest of the previous highs where the 2017/2018 correction begun.
I marked thee happy/sad areas one chart for continuation :)
Happy hunting !
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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.
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.