Elliott Wave: Support can be near for BTC, but we need higher stocks (Video)
May 12, 2022

VIDEO SP500 BTCUSD

In today’s video I will look at Elliott wave bitcoin chart in detail and the latest price action and levels that can be very interesting for potential support based on Elliott wave patterns. Of course, cryptocurrencies cannot turn up so easily if stocks are moving down. So it’s important to keep an eye on risk-off/risk-on flows and what the FED policy decisions will be regarding the interest rates. Elliott wave sp500 chart also shows a potential Elliott wave correction from January highs. Will the market bounce? No one knows but we need higher stocks for cryptos to stabilize as well.

I hope you will enjoy the video. Please share, comment, or like the video, and I will do more of them in the future. Grega

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