Bitcoin Elliott Wave analysis [Video]

Peter Mathers TradingLounge

Bitcoin (BTC) Ethereum (ETH) Technical Analysis Elliott Wave

Overview: ABC as Wave (4) an Intermediate degree Elliott Wave structure down towards 40 - 45k

Bitcoin Elliott Wave Analysis: VWave A completed and Wave B corrective rally in progress

Trading Levels: Resistance Medium Level ML65|65,000 with second resistance at 60,000 the 61.8% and with support at the Major level TL5|50,000

Bitcoin Trading Strategy: Long above 50,000 as tested support

Peter Mathers TradingLounge

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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