Home Latest News Elliott Wave Analysis: BTC/USD – FXStreet

Elliott Wave Analysis: BTC/USD [Video] – FXStreet

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Peter Mathers Peter Mathers
TradingLounge

Bitcoin Ethereum Cryptocurrency:BTC-USD Elliott Wave Technical Analysis and TradingLevels. 
Crypto Market Summary: Elliott Wave (iv) corrective bear market rally, once completed expect a move into new lows, but hopefully the last low.
Bitcoin Trading Strategy: Either trade wave four rally higher and or wait for Wave (iv) to complete and trade Wave (v) of v) lower. Expect the move up to last two trading sessions in line with US tech stocks.
 

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Terra showed restraint and stayed above $1.69 even as BTC crashed below $18,000. LUNA price has been trading below the larger range since its breakdown on June 8. However, the recent surge in bullish momentum could push Terra up to retest the said level. 
Polkadot price could print one more decline into $4. Bitcoin, however, shows bullish evidence; thus, a pullback scenario is likely. Polkadot price shows signals of a temporary bottom.
Ethereum price lures the everyday investor to implement a dollar-cost average investing strategy. The invalidation level for Ethereum price, however, is still wide and less favorable than Bitcoins'.
Bitcoin price has gone through turbulent times over the last few months. From reaching a new all-time high to hitting yearly lows and revisiting levels since 2020, the crypto markets have been extremely volatile.
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He is currently Editor at Inferse.com. He is a political columnist for the Finger Lakes Times, Eiram.org, and is the co-founder of InFocus.co. His passions include politics, golf, the media, and gadgets.