Bitcoin Technical Analysis - Monday, July 12

(Video length 00:17:28)

  • Bitcoin and Ethereum Technical Analysis Elliott Wave
  • Crypto Overview: Bitcoin and Ethereum have both created corrective rallies up off their lows, these corrective patterns can either continue to grow upwards or simply collapse.
  • Bitcoin Elliott Wave: tracking two counts
  • Trading Levels: Bitcoin slips lower through all the important trading levels, first, failing to develop support on 35,000 and now moving lower through Minor Group1 33|32|31K
  • Fibonacci: Bitcoin support is the 32000 which is the 61.8% retracement level as the support
  • Bitcoin Trading Strategy: Neutral until midweek


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