Bitcoin Elliott Wave Analysis: Leg down has started today

Peter Mathers TradingLounge

Bitcoin Elliott Wave Technical Analysis and TradingLevels. Market Summary: Bitcoin is retesting supply at (30,000 Major TradingLevel TL3) as Wave (iv) of iii) of C of (2).
Crypto Market Summary: Crypto markets are still in sync with the Nasdaq stocks and today I compare Apple stock to Bitcoin. The first Elliott Wave Impulse structure is in place confirming the downwards direction.
Bitcoin Trading Strategy: Wave (iv) is completed and the first Impulse wave lower is underway. We are currently short and will look to add short positions on rallies and new lows.

Author

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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