BTCUSD is bearish for the reason that value reached new ATH however solely with three waves so ideally that was huge wave B as a part of an enormous flat or a triangle formation, with extra weak point in view within the close to future as rally from 43400 unfolded in three waves. A damaged trendline might be one other affirmation of additional weak point.
Bitcoin 4h Elliott Wave evaluation
Wanting into Litecoin, Decrease lows and decrease highs is a pleasant and powerful bearish pattern that just lately slowed down at 126.40 space. We see that as a corrective value motion inside downtrend, ideally a triangle in wave 4 so we should always pay attention to extra weak point, possibly already from right here after a minor drop beneath the triangle line. Downward projection is round 100.
Litecoin Elliott Wave evaluation
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