Bitcoin Elliott Wave technical Analysis - bearish move

Elliott Wave Analyst - tradinglounge • Apr 21, 2022 at 12:28 AM EDT

Bitcoin is still moving in sync with equities and indices, so I compare the sp500 to Bitcoin...

Bitcoin

Bitcoin Elliott Wave Technical Analysis and TradingLevels

Market Summary: Wave (b) of y) of D Triangle at 40,000 as the 61.8% support. Or a much more bearish picture in line with the US Banks, that is Wave c in a larger five-wave move lower... which is Bitcoin Wave i) looking for the (a) (b)(c) as Wave ii) for the short trade or hedging.

The video looks at the Elliott Wave Triangle pattern and the larger Wave C to the downside as the bearish bitcoin move.

Video Length: 00:17:15

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