{"id":7217,"date":"2022-02-07T17:33:14","date_gmt":"2022-02-07T17:33:14","guid":{"rendered":"http:\/\/egrowonline.com\/?p=7217"},"modified":"2022-02-07T17:33:14","modified_gmt":"2022-02-07T17:33:14","slug":"bitcoin-and-ripple-find-bottom-elliott-wave-analysis","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=7217","title":{"rendered":"Bitcoin and Ripple Find Bottom? Elliott Wave Analysis"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div>\n<p>Notice that Crypto made a weekend rally, which can be easily a bull-trap. However, there are definitely interesting support levels, so if we see a five-wave recovery in upcoming days, then we can easily confirm bulls back in play.<\/p>\n<\/div>\n<\/div>\n<div>\n<div>\n<p>Bitcoin, <a target=\"_blank\" href=\"http:\/\/fxempire.com\/crypto\/btc\" rel=\"noopener\">BTCUSD<\/a> is showing first evidence for a potential bottom formation in the 4-hour chart, but it\u2019s too early to confirm the low and support in place. Currently we can see only a three-wave rally, which can still belong to an A-B-C correction, but if we see bigger recovery in upcoming days with five waves back to 52k level, then bulls could be back in the game.<\/p>\n<h2 id=\"bitcoin-4h-elliott-wave-analysis-\"><strong><em>Bitcoin 4h Elliott Wave Analysis <\/em><\/strong><\/h2>\n<\/div>\n<\/div>\n<div>\n<div>\n<p>Ripple, <a target=\"_blank\" href=\"http:\/\/fxempire.com\/crypto\/xrp\" rel=\"noopener\">XRPUSD<\/a> is bouncing quite strongly and it\u2019s showing first evidence for a bullish reversal, but keep in mind that it hasn\u2019t reached June 2021 lows yet, so current rally could be still as part of a three-wave correction. However, if we see a five-wave rally back 1.0 area, then we can easily start tracking bullish scenarios.<\/p>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxempire.com\/forecasts\/article\/bitcoin-and-ripple-find-bottom-elliott-wave-analysis-890251\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Notice that Crypto made a weekend rally, which can be easily a bull-trap. However, there are definitely interesting support levels, so if we see a five-wave recovery in upcoming days, then we can easily confirm bulls back in play. Bitcoin, BTCUSD is showing first evidence for a potential bottom formation in the 4-hour chart, but [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[45],"tags":[14,50,828,4763,1591,265,1366],"class_list":["post-7217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-analysis","tag-bitcoin","tag-bottom","tag-elliott","tag-find","tag-ripple","tag-wave"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/z2bitcoin.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7217"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7217\/revisions"}],"predecessor-version":[{"id":7219,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7217\/revisions\/7219"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/7218"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7217"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}