Bitcoin Technical Analysis Elliott Wave [Video]

Peter Mathers TradingLounge

Bitcoin and Ethereum Technical Analysis Elliott Wave

Crypto Overview: BTCUSD and ETHUSD Lows in place and trending higher.
Technical Analysis Bitcoin:The reaction from 40K is bullish corrective Wave (iv)
Technical Analysis Ethereum: 2200 support for retracement

Bitcoin Elliott Wave: Wave a of (iv)
Ethereum Elliott Wave:Wave a of (iv)

Trading Levels Bitcoin: 40,000 is a Medium Level (ML4)
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

Peter Mathers TradingLounge

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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