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Bitcoin rolling over now [Video]

Bitcoin rolling over now [Video]
Peter MathersPeter MathersTradingLounge

Crypto Bitcoin BTCUSD Technical Analysis Elliott Wave Forecast.

Bitcoin Overview: Bitcoin can now have a top in place and we now also have the first Impulse wave lower, a breach of 46,500 would confirm this.

Technical Analysis Bitcoin:Upside target is 51,100 the 61.8% retracement level as the resistance.

Bitcoin Elliott Wave: Wave (i) or (a) downwards.

Trading Levels Bitcoin: 50,000 Major Trading Level with Minor Group 1 53K and Group2 below 48000|4772|46500 as support.

Bitcoin Trading Strategy: Short.

00:00 Elliott Wave Analysis.

00:01 Bitcoin Elliott Wave Analysis.

03:40 Thank you for watching Bitcoin Elliott Wave Analysis.

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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Bitcoin: BTC retreats as macro headwinds grow

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.