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Bitcoin Elliott Wave Analysis: Prepare for the next drop


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Bitcoin Ethereum Cryptocurrency:BTC-USD Elliott Wave Technical Analysis and TradingLevels. 
Crypto Market Summary: A bounce off 20,000, then down to 17,200 - 16,500 I also compare Bitcoin to the NASDAQ on the intraday and and daily chart> I also take a look at a possible large bearish count for the NASDAQ and what would this mean for Bitcoin and crypto?
Bitcoin Trading Strategy: Exit shorts at 20,000 Expect the price to bounce around Minor Group 2 and Group1

Peter Mathers - TradingLounge
 

 

 

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8 hours ago, tradinglounge said:

Bitcoin

BTC/USD May Break 20,000

Jun 17, 2022 | DailyFX
Thomas Westwater, Analyst

BITCOIN, BTC/USD, MARKET SENTIMENT - TALKING POINTS

  • Bitcoin bears pressing attack as Wall Street sentiment pulls back
  • BTC/USD primed for another attack on the key 20,000 level

BTC/USDTECHNICAL FORECAST

BTC/USD is approaching the psychologically important 20,000 level. Bears probed the 20,000 mark yesterday but failed to break through on the intraday move. The Relative Strength Index is tracking lower within oversold territory while MACD weakness accelerates. A breach below the key level may induce additional weakness.

BTC/USD DAILY CHART

bitcoin

Chart created with TradingView

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