Bitcoin Trading For Tuesday, Aug. 3

Bitcoin and Ethereum Technical Analysis Elliott Wave

Crypto Overview: BTCUSD and ETHUSD Today I take a look at ETHBTC and we can see that Ethereum is leading Bitcoin, this is also evident in the ETH trend compared to BTC.
Technical Analysis Bitcoin:Corrective retracement around 35000 - 37000
Technical Analysis Ethereum: 2700 - 2800

Bitcoin Elliott Wave: Wave b) of B
Ethereum Elliott Wave:Wave (v) of a)

Trading Levels Bitcoin: 40,000 is a Medium Level (ML4)
Trading Levels Ethereum: 2000 Major level TL2|2,000 support. Next levels are Minor Levels 
also called Minor Group 1: 2,100|2,200|2,300 the aim is to have the 2,300 top of Minor Group 1 the tested support. As this sets the target for 2,500 the Medium Level. 

Bitcoin Trading Strategy: Short term traders should have taken profits on the long trades for Bitcoin

Video length 00:26:55

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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