Contributors Technical Analysis Elliott Wave Analysis: BTCUSD And GBPUSD Update

Elliott Wave Analysis: BTCUSD And GBPUSD Update

Cryptocurrencies were hit hard yesterday, with BTCUSD trading at a new low of 2018. We see BTCUSD falling in impulsive manner, which means more weakness after a pullback is expected. First intraday resistance for current rally comes in near 5700 from where new sell-off towards 5k may occur.

BTCUSD, 30Min

BREXIT deal may not be accepted well by investors as pair is seen in aggressive decline away from 1.3070 which now looks like an impulsive sell-off within wave C/3 headed down to 1.2750/1.2730 area.

GBPUSD, 1h

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