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Bitcoin And Ripple Pause Before Sliding

By Gregor HorvatCryptocurrencyJan 19, 2022 06:15AM ET
www.investing.com/analysis/bitcoin-and-ripple-pause-before-sliding-200615221
Bitcoin And Ripple Pause Before Sliding
By Gregor Horvat   |  Jan 19, 2022 06:15AM ET
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The crypto market is still slow, and the current intraday decline still looks like a corrective pullback. Be aware of a jump towards the 2.17T – 2.27T area before seeing a bearish continuation.

Bitcoin is trading lower on the intraday basis, but ideally for wave (b) only, so we may see another intraday recovery for wave c) soon, either as part of a bearish triangle pattern or maybe even flat if retests the $45k resistance level.

Bitcoin Elliott wave 1h price chart.
Bitcoin Elliott wave 1h price chart.

Ripple is trading lower within wave »c« of an a-b-c setback in wave B, and support may not be far away. So, be aware of that jump into wave C towards 0.81 – 0.86 resistance area soon and then watch out for a bearish continuation.

Ripple Elliott Wave analysis hourly chart.
Ripple Elliott Wave analysis hourly chart.

Bitcoin And Ripple Pause Before Sliding
 

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Bitcoin And Ripple Pause Before Sliding

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