Bitcoin Analysis: Bitcoin Is Weaker Than Ethereum

Elliott Wave Analyst - tradinglounge • Jun 7, 2021 at 6:15 AM EDT

Bitcoin appears to be in a Wave 4 Triangle. But I still wait for confirmation of the markets being bullish or bearish.

Overview: Bitcoin is weaker than Ethereum. Bitcoin appears to be in a Wave 4 Triangle. But I still wait for confirmation of the markets being bullish or bearish.
Bitcoin Elliott Wave Analysis: Wave (ii) low in place with Wave (iii) starting for BTC and ETH - Not confirmed.
Trading Levels:2500 for Ethereum and 35000 for Bitcoin are critical, as resistance, they tilt the trend lower.
Bitcoin Trading Strategy: Neutral

Video Length: 00:29:14

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