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Bitcoin Elliott Wave analysis [Video]

Bitcoin Elliott Wave analysis [Video]
Peter MathersPeter MathersTradingLounge

Crypto Overview: BTC/USD and ETH/USD

Technical Analysis Bitcoin: To 30,000 for a bounce then further lows, but the 30k will be a sticky number, however, the sellers are in control
Technical Analysis Ethereum:  Expect a drop lower to 1500.

Bitcoin Elliott Wave: Wave iv of (iii) of iii).
Ethereum Elliott Wave: Wave (v).

Trading Levels Bitcoin: 30,000 is Major level 3 (TL3|30,000) then down towards 28,000 Minor Level (MTL8).
Trading Levels Ethereum: Time at 2000 (Major level TL2|2,000) to develop as support or resistance.

Fibonacci Bitcoin: Support is the 32000 which is the 61.8% retracement level as the support.
Fibonacci Ethereum: 1720 - 1650.

Bitcoin Trading Strategy: Short new lows.


 

Author

Peter Mathers

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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