Bitcoin technical analysis Elliott Wave trading [Video]

Peter Mathers TradingLounge

Bitcoin Technical Analysis Elliott Wave Forecast & Trading Strategies.
Making sense of Bitcoin sharp move lower; Today I place the move lower into perspective within the larger pattern of Bitcoin travelling across the $50,000 level, as this is the balance price point for this market. We can expect further swings, but from my perspective Bitcoin is bullish in the bigger picture. I also compare Ethereum Elliott wave pattern to Bitcoin, Ethereum is stronger than Bitcoin and we can see why in the ETHBTC cross pair. Ethereum is maintaining support.

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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