Contributors Technical Analysis Elliott Wave Analysis: BTCUSD Land GBPJPY

Elliott Wave Analysis: BTCUSD Land GBPJPY

Good day traders!

Bitcoin moved slightly higher up to 7400/7440 where we see a potential completion of a three wave recovery, either for wave B or wave 2, but in both cases there is room for a drop down to 7k while price is below 7600.

BTCUSD, 1H

GBPJPY is making a slow recovery up from 148.60 towards the trendline resistance that we see it as a corrective bounce; it can be wave 4 maybe even wave 2, but in either case there is probability for a drop to 148.00 soon.

GBPJPY, 1H

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