Bitcoin and Ethereum Technical Analysis for Wednesday, July 28

By Peter Mathers of TradingLounge.com

Elliott Wave Analyst - tradinglounge • Jul 28, 2021 at 3:01 AM EDT

Technical Analysis Bitcoin: The reaction from 40K is bullish corrective Wave (iv).

Cryptocurrency, Business, Finance, Money, Wealth, Gold

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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. The 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: Trend traders should be long and Hodlers buy more

Video length 00:29:46

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