View full page at cryptocraft.com

 

Bitcoin: Early Stage Bull Underway?

From fxempire.com

It’s been a month, see here, since we last presented our Elliot Wave Principle (EWP) update for Bitcoin (BTC), as it barely moved until October 16. But that all changed that day. Namely, in our last update, we found, “If BTC stays above $26,004 and especially the 9/11 low at $24,919, it can try to establish an impulse move higher (Waves 1 through 5 from the 9/11 low). … BTC is [then] ready to target around $30-33K before we see the next buyable pullback. Regardless, based on BTC’s past cycles, made up of four more minor phases, it is currently in the accumulation phase and thus close to the next Bull run, which can ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis