Bitcoin (BTC), Ethereum (ETH/USD) Technical Analysis - Wednesday, March 17

Elliott Wave Analyst - tradinglounge • Mar 17, 2021 at 4:47 AM EDT

Bitcoin and Ethereum tracking two Elliott wave counts.

(Video length 00:23:50)

Overview: Bitcoin and Ethereum tracking two Elliott wave counts.
Bitcoin Elliott Wave Analysis: Appears the Expanded Flat Correction as Wave 4 is coming into play, that is Wave v of (i) of c) of 4.
If the Expanded Flat is correct, then a move down to 40,000 (Medium Level ML4) is the target.
Trading Levels: Current support Minor Levels (mTL5)55k and (mTL8) 58K as the resistance.
Bitcoin Trading Strategy: Waiting to confirm short trades in Wave (ii)

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