Bitcoin is trading over 3.5% lower on Monday as crypto sentiment remains weak. The Elliott Wave pattern suggests we could be in a 3rd wave and these are traditionally the longest. BTC/USD 4-Hour Chart Bitcoin is having a down day on Monday. The digital gold is trading over 3% lower on a bad day for cryptocurrencies. The chart below shows the Elliott Wave count on the 4-Hour chart. We could now be in the 3rd wave lower which is normally the longest but never the shortest wave down in the wave formation. The potential target would be the 61.8% Fibonacci on the bigger Fibonacci retracement. Additional Levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next AUD/USD Price Analysis: Aussie bouncing from 2020 lows, trading near FX Street 2 years Bitcoin is trading over 3.5% lower on Monday as crypto sentiment remains weak. The Elliott Wave pattern suggests we could be in a 3rd wave and these are traditionally the longest. BTC/USD 4-Hour Chart Bitcoin is having a down day on Monday. The digital gold is trading over 3% lower on a bad day for cryptocurrencies. The chart below shows the Elliott Wave count on the 4-Hour chart. We could now be in the 3rd wave lower which is normally the longest but never the shortest wave down in the wave formation. The potential target would be the 61.8% Fibonacci… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
