7/30/19 - Bear Trend Elliot Wave and Channels on 4 Hourly

٣٠ يوليو ٢٠١٩

Bitcoin has been doing a steeper downtrend leg with a less steep consolidation leg, as shown by the Elliot Waves. A possible steep leg (spanning 7/10-7/17) and a less steep consolidation leg (spanning 7/20-7/30) might be visible on a larger scale. Bitcoin might be ready to start a steeper downtrend leg soon.