Bitcoin Technical Analysis - Wednesday, June 23

(Video length 00:22:35)

  • Bitcoin Elliott Wave Analysis 
  • Overview: Bitcoin is in a stronger position than Ethereum as we can see in the ETHBTC chart, also using On Chain Analytics 
  • we can see Whales are increasingly buying Bitcoin, while retailers get shaken out of their Bitcoin.
  • Bitcoin Elliott Wave Analysis: Tracking different counts
  • Trading Levels: 35000 followed by 36,500 are the important levels of support for long traders.
  • Bitcoin Trading Strategy: For a long trade I need to see an impulse wave off the current low and it is not in place as yet.


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.