Bitcoin Analysis - Wednesday, July 21

Elliott Wave Analyst - tradinglounge • Jul 21, 2021 at 3:40 AM EDT

To 30,000 for a bounce then further lows, but the 30k will be a sticky number, however, the sellers are in control

(Video length 00:17:59)

Bitcoin and Ethereum Technical Analysis Elliott Wave
Crypto Overview: BTCUSD and ETHUSD
Technical Analysis Bitcoin: To 30,000 for a bounce then further lows, but the 30k will be a sticky number, however, the sellers are in control
Technical Analysis Ethereum: Expect a drop lower to 1500
Bitcoin Elliott Wave: Wave iv of (iii) of iii)
Ethereum Elliott Wave: Wave (v)
Trading Levels Bitcoin: 30,000 is Major level 3 (TL3|30,000) then down towards 28,000 Minor Level (MTL8)
Trading Levels Ethereum: Time at 2000 (Major level TL2|2,000) to develop as support or resistance
Fibonacci Bitcoin: support is the 32000 which is the 61.8% retracement level as the support
Fibonacci Ethereum: 1720 - 1650
Bitcoin Trading Strategy: Short new lows

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