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Bitcoin Elliott Wave analysis: Major support at $50,000 [Video]

Bitcoin Elliott Wave analysis: Major support at $50,000 [Video]
Peter MathersPeter MathersTradingLounge

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: Wave b) of B.

Trading Levels: Resistance Medium Level ML65|65,000 with second resistance at 58,000 the 61.8% and with support at the Major level TL5|50,000.

Bitcoin Trading Strategy: See Video for long and short trades.

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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