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Bitcoin & Ethereum Bullish Elliott Wave structures


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Content Bitcoin BTC/USD and Ethereum ETH/USD
Summary: Bitcoin; the accumulation process under the 30K as a series of waves ones and twos are playing out higher as the distribution process. The $30,000 Major Trading Level needs to be established as the tested support in a series of tests. The 33,000 is the top of Minor Group1 and this is the next step higher towards the 61.8% retracement level at $50,000.
Elliott Wave iii of (iii) of iii) of 3
Strategy: Holding long


Analyst Peter Mathers TradingLounge™

 

 

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