Bitcoin Elliott Wave Triangle: BTC/USD waiting to drop [Video]

Peter Mathers TradingLounge

Bitcoin Cryptocurrency:BTC-USD Elliott Wave Technical Analysis and TradingLevels. Market Summary: Bitcoin is retesting supply at (30,000 Major TradingLevel TL3) as an Elliott Wave Triangle Pattern.
Crypto Market Summary: Bitcoin and Ethereum are in the later stages of an Elliott Wave Triangle pattern (e) of iv). As crypto is moving in line with technology stocks and I do compare the NASDAQ with Bitcoin, which NDX still needs to rally higher in Thursday session before moving lower late Friday or Monday which in turn Bitcoin will follow.
Bitcoin Trading Strategy: No Strategy while in the Elliott Wave Triangle.

Video Chapters:
00:00 Crypto Index
02:56 Ethereum
04:03 Bitcoin
12:05 Thanks for watching!

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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