Bitcoin Technical Analysis Elliott Wave

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Bitcoin and Ethereum Technical Analysis Elliott Wave

Crypto Overview: BTCUSD and ETHUSD
Technical Analysis Bitcoin: IF 32,000 remains as the resistance then expect a move lower to 30,000
Technical Analysis Ethereum: Expect a drop lower to 1500

Bitcoin Elliott Wave: Wave iv of (iii) of iii)
Ethereum Elliott Wave:Wave (v)

Trading Levels Bitcoin: 30,000 is Major level 3 (TL3|30,000) however the bitcoin market is still working through Minor Group1 MG1|31|32|33,000
Trading Levels Ethereum: Time at 2000 (Major level TL2|2,000) to develop as support or resistance

Fibonacci Bitcoin: support is the 32000 which is the 61.8% retracement level as the support
Fibonacci Ethereum: 61.8% retracement resistance 2050

Bitcoin Trading Strategy: Short new lows

Peter Mathers TradingLounge

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