Bitcoin Elliott Wave Analysis, 7 May
Bitcoin (BTC) Ethereum (ETH) Technical Analysis Elliott Wave
Overview: ABC as Wave (4) an Intermediate degree Elliott Wave structure down towards 40 - 45K.
On the bullish side, a move above 58000 on Friday would negate the bearish wave count.
Bitcoin Elliott Wave Analysis: Wave (i) of iii) of C of (4)
Trading Levels: The market is moving in Minor group1 MG1|53|52|51 of Major Level 5 TL5|50,000
Bitcoin Trading Strategy: Neutral
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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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