Bitcoin And Ripple: Be Aware Of More Weakness Ahead

, is still looking for an a-b-c corrective movement within wave B/2 that can retest 49k-50k resistance area before a continuation lower, we are just not sure if wave »b« is a triangle or maybe even deeper flat which can retest the lows firstly. Anyway, in any case be aware of a continuation lower over the weekend or maybe next week.

Bitcoin 1h Elliott Wave Analysis Chart

, made an intraday spike up perfectly into 61,8% Fibo. retracement, ideally for wave C of (B)/(2) as expected and we now have a nice bearish setup formation. So, watch out for more weakness in upcoming days that can send the price back to lows within wave (C) or (3)

Ripple 1h Elliott Wave Analysis Chart

Ripple Elliott Wave

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