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BTC Stops At Resistance As US Stocks Drop - Elliott Wave Analysis

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Aug 19 2021

Hello traders!

Stocks are coming down, and if they will start accelerating then I think this can have a very bearish impact on cryptocurrency as well.

"It's hard to hold an investment on very speculative and volatile coins if you are already panicking with much more "stable" investments."

So at this stage and with this structure it's very hard for me to look for buying opportunities. I rather wait on lower prices and buy later if drop shows up.

Unless you are a long-term investor and you do not care about current intraday noise.
 

BTC Stops At Resistance As US Stocks Drop-Elliott Wave by ew-forecast on TradingView.com



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