BTC Price Index Prediction Chart Trading

Elliott Wave Analyst - tradinglounge • Aug 13, 2021 at 6:45 AM EDT

Bitcoin must stay above 40,000 to remain bullish (Medium Level ML4).

(Video length 00:21:35)

Bitcoin and Ethereum Technical Analysis Elliott Wave Prediction
Cryptocurrency Trading Forecast BTCUSD & ETHUSD:
Technical Analysis Bitcoin: Must stay above 40,000 to remain bullish (Medium Level ML4)
Technical Analysis Ethereum: has reached its 50 - 618% retracement level at 3000 ( Major TradingLevel TL3) So expect a turn lower.
Bitcoin Elliott Wave: Wave c) of B completed or the bullish wave count (ii) of iii) of 3
Ethereum Elliott Wave: Wave Topped? Requires confirmation of an impulse wave lower
Trading Levels Bitcoin: Important Minor Level are the top of Minor Group 1 43,000 and 45,000
Trading Levels Ethereum: 3000 Major level TL3|3,000 support and Minor Group 1 above and Minor Group2 below as the first support
Bitcoin Trading Strategy: Taking profit at 3000 for Ethereum. Protect profit on Bitcoin

Disclosure:

As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.