Elliott Wave: Bitcoin and Ethereum technical analysis [Video]

Peter Mathers TradingLounge

Crypto Overview: BTCUSD and ETHUSD Lows in place and trending higher.
Technical Analysis Bitcoin: 35k is the next level of support required for further upside.
Technical Analysis Ethereum: The 2000 (TL2) now supports for higher prices.

Bitcoin Elliott Wave: Wave i of (iii).
Ethereum Elliott Wave: Wave i of (iii).

Trading Levels Bitcoin: 30,000 is Major level 3 (TL3|30,000) The Next levels are Minor Levels 35,000 and 38,000.
Trading Levels Ethereum: 2000 Major level TL2|2,000 support. Next evels are Minor Levels.
also called Minor Group 1: 2,100|2,200|2,300 the aim is to have the 2,300 top of Minor Group 1 the tested support. As this sets the target for 2,500 the Medium Level.

Bitcoin Trading Strategy: Trend traders should be long and Hodlers buy more.

Author

Peter Mathers

TradingLounge

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

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.