Bitcoin Analysis For Friday, May 7

Cryptocurrency, Business, Finance, Money, Wealth, Gold

Image Source: Pixabay

Bitcoin  (BTC) Ethereum (ETH) Technical Analysis Elliott Wave

  • Overview: ABC as Wave (4) an Intermediate degree Elliott Wave structure down towards 40 - 45k. On the bullish side, a move above 58000 on Friday would negate the bearish wave count.
  • Bitcoin Elliott Wave Analysis: Wave (i) of iii) of C of (4)
  • Trading Levels: The market is moving in Minor group1 MG1|53|52|51 of Major Level 5  TL5|50,000
  • Bitcoin Trading Strategy: Neutral 

Video length 00:26:12

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 ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.