Bitcoin Elliott Wave analysis 2022 [Video]

Peter Mathers TradingLounge

Bitcoin Elliott Wave analysis

The move down from the BTC high close to 69,000 is counted as an Impulse wave (five waves) that’s not quite completed, but very close, another small dip below 40,000 would see this impulse leg completed.

What’s next?

Well after an Elliott Wave Impulse wave, comes the counter trend, the abc corrective rally a 5-3-5 Zigzag Elliott wave structure, that can retrace 61.8% of the Impulse wave down from the high.

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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Bitcoin Elliott Wave analysis 2022 [Video]