Elliott waves for Forex correlation analysis

The wave count has undergone some significant changes. The upward movement appears to be continuing and is of an impulsive nature. Within this impulse, wave 5 is presumably developing, and its leading waves are composed of three-wave formations, which indicates a diagonal triangle. Therefore, if t

Sellers still can’t accept that Bitcoin is poised for significant growth and are trying their best to stop or at least delay it. So far, they are managing quite well. Moreover, in the near future, the price may once again drop sharply due to the buyers’ failed attempt to break above the previously

As expected, after expending significant energy due to sharp upward and downward swings, the price has started to calm down, gradually decreasing the amplitude of its movements. A correction is likely beginning, which may continue for some time. Eventually, the price will remain within a certain r