Bitcoin Technical Analysis - Friday, July 9

Elliott Wave Analyst - tradinglounge • Jul 9, 2021 at 3:45 AM EDT

Bitcoin has moved into a weaker pattern and can move into new lows towards 25,000.

(Video length 00:18:49)

Bitcoin and Ethereum Technical Analysis Elliott Wave
Crypto Overview: Bitcoin has moved into a weaker pattern and can move into new lows towards 25,000
Trading Levels: Bitcoin slips lower through all the important trading levels, first, failing to develop support on 35,000 and now moving lower through Minor Group1 33|32|31K
Fibonacci: The 61.8% resistance 36,600 simply could not be breached, applying pressure to the downwards trend
Bitcoin Trading Strategy: Currently short with tight stop-loss order in at 33537

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