Bitcoin Trading For Tuesday, Aug. 3

Elliott Wave Analyst - tradinglounge • Aug 2, 2021 at 11:11 PM EDT

Crypto Overview: BTCUSD and ETHUSD. I take a look at ETHBTC and we can see that Ethereum is leading Bitcoin, this is also evident in the ETH trend compared to BTC.

Bitcoin and Ethereum Technical Analysis Elliott Wave

Crypto Overview: BTCUSD and ETHUSD Today I take a look at ETHBTC and we can see that Ethereum is leading Bitcoin, this is also evident in the ETH trend compared to BTC.
Technical Analysis Bitcoin:Corrective retracement around 35000 - 37000
Technical Analysis Ethereum: 2700 - 2800

Bitcoin Elliott Wave: Wave b) of B
Ethereum Elliott Wave:Wave (v) of a)

Trading Levels Bitcoin: 40,000 is a Medium Level (ML4)
Trading Levels Ethereum: 2000 Major level TL2|2,000 support. Next levels are Minor Levels
also called Minor Group 1: 2,100|2,200|2,300 the aim is to have the 2,300 top of Minor Group 1 the tested support. As this sets the target for 2,500 the Medium Level.

Bitcoin Trading Strategy: Short term traders should have taken profits on the long trades for Bitcoin

Video length 00:26:55

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