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27Aug

Bitcoin Technical Analysis, 27 August 2021

Bitcoin Technical Analysis, 27 August 2021

Crypto Bitcoin BTCUSD Technical Analysis Elliott Wave Forecast

Bitcoin Overview: Bitcoin can now have a top in place and we now also have the first Impulse wave lower, a breach of 46,500 would confirm this.

Technical Analysis Bitcoin: Upside target is 51,100 the 61.8% retracement level as the resistance.

Bitcoin Elliott Wave: Wave ii of (iii) lower

Trading Levels Bitcoin: 50,000 Major Trading Level with Minor Group 1 53K and Group2 below 48000|4772|46500 as support

Bitcoin Trading Strategy: Short on next breach of 46,500

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