Elliott Wave Technical Analysis: Bitcoin - Price Prediction Today
Image Source: Pixabay
Content Bitcoin BTC/USD and Ethereum ETH/USD
Market Summary: Bitcoin; the accumulation process under the 30K as a series of waves ones and twos are playing out higher as the distribution process. The $30,000 Major Trading Level needs to be established as the tested support in a series of tests. The 33,000 is the top of Minor Group 1 and this is the next step higher towards the 61.8% retracement level at $50,000.
Elliott Wave Analysis: Wave iii of (iii) of iii) of 3
Trading Strategy: Holding long from last week
Video Length: 00:10:23
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Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817