Bitcoin And Ethereum Technical Analysis for Thursday, Aug. 5

By Peter Mathers of TradingLounge.com

Elliott Wave Analyst - tradinglounge • Aug 5, 2021 at 2:09 AM EDT

Technical Analysis Bitcoin: Corrective retracement around 35000 - 37000.

Cryptocurrency, Business, Finance, Money, Wealth, Gold

Image Source: Pixabay

Cryptocurrency Trading Forecast BTCUSD & ETHUSD: Today I take a look at TOTAL Elliott wave count.

Technical Analysis Bitcoin: Corrective retracement around 35000 - 37000
Technical Analysis Ethereum: 2700 - 2800
Bitcoin Elliott Wave: Wave (a) of b) of B
Ethereum Elliott Wave: Wave (v) of a)
Trading Levels Bitcoin: 40,000 is a Medium Level (ML4)
Trading Levels Ethereum: 2000 Major level TL2|2,000 support. Next levels 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: Bitcoin Trade will be at Wave c) of B

Video length 00:39:21

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