Bitcoin BTC Ethereum ETHUSD Technical Analysis Elliott Wave, 24 March 2021
Overview: Bitcoin and Ethereum tracking two bearish Elliott wave counts.
Bitcoin Elliott Wave Analysis: Tracking two counts:
Primary count one takes us back close to 50K,
Second count is the Expanded Flat correction I talked about in the last video that takes bitcoin back to to 40k.
Trading Levels: Resistance 60K the 58k
Bitcoin Trading Strategy: SEE VIDEO
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Elliott degrees in order: Grand Super cycle wave, Super cycle wave, Cycle wave, Primary wave, Intermediate wave, Minor wave, Minute wave, Minuette wave and Subminuette wave.
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About the Author
Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company. After learning Japanese analysis techniques, Peter moved to Sydney where he worked for various brokerage houses, furthering his practical knowledge of derivative markets.
Extending his passion overseas, Peter travelled to Britain where he studied both the UK and US markets. When Peter returned to Australia, he updated his qualifications and went on to write and deliver advanced trading workshops for global leaders in foreign exchange and derivative trading, including CMC Markets, City Index, Invast and others. As a well-seasoned trader, with an aptitude for investor education, Peter obtained the necessary licences to establish TradingLounge and offer education and trading support to traders and investors.