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
Peter Mathers TradingLounge
