Bitcoin: The 61.8% retracement level is around $24.000 [Video]

Peter Mathers TradingLounge

Bitcoin BTC/USD Summary The 61.8% retracement level is around the 24,000, that said the 25,000 is the larger price point (Medium Level) and we can expect the price to swing above and below this level and could take about 4 or 5 days to bottom into Wave ii) low. Elliott Wave 4) of iii of (c) of ii). Strategies: Once Wave (c) of ii) is completed, we simply need to wait and observe the first impulse wave upwards as part of the next long trade setup using the abc at a level as the trade setup.

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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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