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
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