BTCUSD: Elliott Wave Analysis Trading & Forecast

Elliott Wave Analyst - tradinglounge • Aug 20, 2021 at 3:35 AM EDT

Next resistance is 48,000 then 50K the 61.8% is 51,100.

(Video length 00:25:29)

Crypto Bitcoin BTCUSD and Ethereum ETHUSD: Technical Analysis Elliott Wave Forecast
Technical Analysis Bitcoin: Upside target is 51,100
Technical Analysis Ethereum: Is now touching on its 61.8% but expect a move higher
Bitcoin Elliott Wave: Wave c) of B to 50K
Ethereum Elliott Wave: another high to come
Trading Levels Bitcoin: Next resistance is 48,000 then 50K the 61.8% is 51,100
Trading Levels Ethereum: Major trading Level 3 (TL3) 3,000 resistance
Bitcoin Trading Strategy: Neutral

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.