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Bitcoin Elliott Wave analysis [Video]

Bitcoin Elliott Wave analysis [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 completing.

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: Waiting for a trade set up long or short, that will take either one or two sessions.

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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