Bitcoin Elliott Wave Triangle - Waiting To Drop

By Peter Mathers of Trading Lounge

Elliott Wave Analyst - tradinglounge • May 26, 2022 at 7:39 AM EDT

Bitcoin and Ethereum are in the later stages of an Elliott Wave Triangle pattern (e) of iv).

Bitcoin, Blockchain, Crypto, Cryptocurrency, Coin

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Market Summary:

Bitcoin is retesting supply at (30,000 Major TradingLevel TL3) as an Elliott Wave Triangle Pattern

Crypto Market Summary:

Bitcoin and Ethereum are in the later stages of an Elliott Wave Triangle pattern (e) of iv).
As crypto is moving in line with technology stocks and I do compare the Nasdaq with Bitcoin, NDX still needs to rally higher in the Thursday session before moving lower late Friday or Monday which in turn Bitcoin will follow.

Bitcoin Trading Strategy: No Strategy while in the Elliott Wave Triangle

Video Length: 00:12:05

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