Bitcoin Technical Analysis - Monday, July 5

(Video length 00:22:03)

  • Bitcoin and Ethereum Technical Analysis Elliott Wave
  • Crypto Overview: The ETHBTC chart suggests Ethereum should lead Bitcoin. That said we can see that is the case with Ethereum moving past its last intraday high, whereas bitcoin is still under its last high.
  • Overall the crypto index is suggesting higher crypto prices.
  • Bitcoin Elliott Wave Analysis: tracking two counts.
  • Trading Levels: Tested support on 35000 is the key for long trades, followed by 36,500 are the important levels of support for Bitcoin long traders.
  • Major level TL2|2,000 as tested support for Ethereum using a Classic TradingLevel Pattern
  • Bitcoin Trading Strategy: Long above 33500 and build on 35000 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 ...

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