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Bitcoin price gains momentum after LSE plans to open applications for BTC and ETH ETNs in Q2 2024 Bitcoin (BTC) price continues to gain strength, foraying north as markets continue to count new peaks.
CADJPY cycle from 2.1.2024 low is in progress as a nesting 5 waves. Up from 2.1.2024 low, wave ((i)) ended at 111.407 and pullback in wave ((ii)) ended at 110.6. Pair resumes higher in wave ((iii)) with internal subdivision as another 5 waves. Up from wave ((ii)), wave i ended at 111.614 and wave ii pullback ended at 110.657. Pair resumes higher in wave iii towards 111.739 and dips in wave iv ended at 111.402. Final leg wave v ended at 111.8 which completed wave (i) in higher degree. Pullback in wave (ii) is now in progress with internal subdivision as a double zigzag Elliott Wave structure.
An anonymous analyst, Bluntz, has a positive outlook on two meme cryptocurrencies, Dogwifhat (CRYPTO: WIF) and Pepe Coin (CRYPTO: PEPE).
Bitcoin Trading Strategy with Technical Targets
Rally from 10.3.2023 low in EURUSD is ongoing as a 5 waves impulse Elliott Wave Structure. Up from 10.3.2023 low, wave (1) ended at 1.11395 and pullback in wave (2) ended at 1.0694. Pair has turned higher in wave (3), but it needs to break above wave (1) at 1.11395 to rule out a double correction. Up from wave (2), wave (i) ended at 1.0785 and wave (ii) ended at 1.0731. Pair rallies higher in wave (iii) towards 1.0839 and pullback in wave (iv) ended at 1.0789. Final leg wave (v) ended at 1.088 which completed wave ((i)) in higher degree.