is declining as the price hit new all-time highs, but only with three waves, so ideally that was big wave B as part of a big flat or triangle formation, with more weakness in prospect once the rally of $ 43,400 unfolds into three waves . A broken trendline will be further confirmation of further weakness.
Technical analysis of the Bitcoin 4 hour charts.
hit lower lows and lower highs, suggesting a strong bearish trend that recently slowed near the $ 126.40 area. We see this as corrective price action within a downtrend, ideally a triangle in wave four, so we should be more aware of weaknesses, especially after a small dip below the triangle. The downward projection is around 100.
Litecoin 4 hour chart analysis.
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Source: Crypto News Deutsch