As expected, Bitcoin stopped at important resistance area around 8000 level for wave 3 and clearly with five sub-waves, which means that we should be aware of a deeper a-b-c correction in wave 4 here. However, the price is still at the highs, so only a sharp and impulsive decline would be a signal for a completed five-wave cycle within wave 3.
Even Dash came into new highs and potential resistance area for wave “v” of C/3 very quickly, so here as well we should be aware of a deeper a-b-c pullback soon. However, there is still some room towards 150-160 area, but this can be reached with a spike, so carefully at this stage.
Interested in active FX or CRYPTO Elliott Wave labeled charts on a daily basis? Now its your time; we have Limited Offer; get a 14 day trial for 1€. Check our website at www.ew-forecast.com for more details.