Bitcoin Technical Analysis - Wednesday, July 14

By Kittiampon Somboonsod of TradingLounge.com

Elliott Wave Analyst - tradinglounge • Jul 14, 2021 at 3:30 AM EDT

Bitcoin as it is bearish it would require the 32000 level as the tested resistance. Ethereum would require 2000 level as that is the tested resistance and if that's the case then the next level is 1500.

Crypto Overview: Bitcoin as bearish would require the 32000 as the tested resistance.
Ethereum would require 2000 as the tested resistance and if that's the case then the next level is 1500
Bitcoin & Ethereum Elliott Wave: tracking two counts see the video.
Trading Levels Bitcoin: it's all about the 32000 (Minor Level mTL2|32,000, which is part of Minor Group1 MG1) as support or resistance as this divides the bullish and bearish Elliott wave count.
Trading Levels Ethereum: Give Ethusd time at 2000 (Major level TL2|2,000) to develop as support or resistance
Fibonacci Bitcoin: support is the 32000 which is the 61.8% retracement level as the support
Fibonacci Ethereum: 61.8% retracement support is 1972
Bitcoin Trading Strategy: See video as it depends on price action in the next few trading sessions

Video Length: 00:33:53

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