Bitcoin Technical Analysis - Friday, May 28

(Video length 00:19:23)

  • Bitcoin  (BTC) Ethereum (ETH) Technical Analysis Elliott Wave
  • Overview: The next positive step required is the Medium Level ML4|40,000 as the tested support. Until the 40k is the support Bitcoin is open to a bearish count, in this case, an Elliott wave Triangle.
  • Bitcoin Elliott Wave Analysis: Wave iii) of (5) in progress
  • Trading Levels: Major Level TL3|30,000 as the current support, with the Medium Level ML4|40,000 as the next resistance. Expect to see a Classic TradingLevels pattern across this level
  • Bitcoin Trading Strategy: Safe long trades require the Medium Level ML4|40,000 as the tested support


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.