Elliott wave Analysis: BTCUSD and EURJPY
BTCUSD can be unfolding a three-wave (A)-(B)-(C) correction, where price can currently be falling exactly from 9500 resistance level and 78,6% Fibo. retracement into wave (C) towards projected 8400 level. There a new bounce can be seen.
BTCUSD, 1h
EURJPY breached below the lower channel line last week, which can be an early suggestion that a top for wave 2) can be in place, and that a new bearish reversal can be here. As such we are now tracking a minor five-wave drop within first wave 1, which is currently unfolding its temporary leg iv). Once wave 1 fully unfold, a three-wave pause may show up.
EURJPY, 1h
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