Free Charts
Bitcoin is trading in a higher degree correction, as we see it turning down after a completed five-wave cycle by Elliott wave theory.
EURUSD Approaching Resistance - Surfing the Waves Elliott Wave Video for EURUSD, GOLD, GBPUSD, WTI CRUDE OIL, USDMXN and CADJPY sponsored by Orbex.
ETHBTC is ready for a bullish continuation, as we see it finishing a correction within uptrend by Elliott Wave theory.
Elliott Wave Live: “USD Recovers Despite CPI Beat: FED’s Interest Rate Hike Speculation Triggers SP500 Resistance”
US CPI came out better than expected last week at 5.0%, so we have seen some USD weakness at the start of the week, but then some of the losses got erased on Friday, after FED officals said that there is room for another interest rate hike. Dollar recovery, can also cause a new resistance for the SP500, while VIX is at the lower side of 2022-2023 range. A sharp drop on Aussie from 0.6805 suggests that the pair will see more weakness ahead as wave C can be finished. Even metals are turning down for a correction it seems, so more weakness can be coming on some of the commodity currencies. I think there is room on Aussie to 0.6619 this week.
Crypto market is looking higher, as there can be room for more upside within a projected five-wave bullish cycle by Elliott wave theory.
Elliott Wave Free Charts - Wavetraders
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