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The main news from the world of cryptocurrencies:
We continue to consider Bitcoin from the point of view of Elliott theory on an hourly timeframe.
BTCUSD H1:
On the last section of the hourly timeframe chart of the BTCUSD cryptocurrency pair, we see the completion of the downward movement, and then the price reversal. It seems that the downward acting wave W has been completed, and now the formation of a bullish wave of bundle X is taking place.
The wave bundle X may take the form of a double zigzag (W)-(X)-(Y), as shown on the chart by trend lines. The end of this construction is expected to reach the level of 43565.00, at which the correction sub-wave (4) was completed.
In the current situation, it is recommended to consider opening deals for purchases.
Trading recommendations: Buy 38228.50, Take profit: 43565.00.
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*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
Los compradores de el Bitcoin y Ethereum continúan aprovechando bien los momentos de caída del mercado y lo compran bastante rápido, como se demostró hoy durante la sesión asiática
El Bitcoin no mostró ningún movimiento interesante ni el sábado ni el domingo. Sin embargo, el viernes el precio retiró liquidez del último Lower High. Recordemos que la retirada
El Ethereum apenas logró recuperarse hasta el FVG más cercano y durante dos semanas no pudo seguir subiendo. Sin embargo, el Bitcoin finalmente arrastró hacia arriba a su "hermano menor"
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