Bitcoin Technical Analysis For Wednesday May 19

Close Up of Bitcoins

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

  • Overview: Wave (4) 38.2% retracement level is around the 42,000 that said the Bitcoin can be pulled to the 40 - 38,000
  • Bitcoin Elliott Wave Analysis: Looking at two wave counts to complete the move down
  • Trading Levels: The 40,000 is the Medium Level (ML4) and the next main support, we can usually bring in 38,000 the first Minor level below the Medium Level
  • Bitcoin Trading Strategy: Looking for the low 40 - 38,000

Video length 00:12:12

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