? Bitcoin & Cryptos Technical Analysis 2-4 August ’18 ?

2 min read

Bitcoin (BTC/USD) seems to be reacting and bouncing at the critical support zone, which is based on the 38.2-50% Fibonacci level and 21 emas. The price area is key whether indeed a wave 4-5 pattern will emerge, which could take price up to 10k. Ethereum (ETH/USD) broke the bear flag and is now testing the previous bottom.

Bitcoin (BTC/USD) is testing key Fibonacci levels. A bullish bounce and break above the resistance trend line could confirm the end of wave 4 and the start of bullish wave 5, which could take price up the Fibonacci targets.

Ethereum (ETH/USD) is testing the previous bottom which is new decision zone for a breakout or reversal.

Check out the video for the full analysis and trade plans on 2-4 August 2018:

  • EUR/USD, GBP/USD technical analysis
  • Review of patterns, trends, key S&R levels
  • Explanation of potential trade ideas both up and down
  • Beginner friendly, explaining concepts in more detail

See the video below for all of the details

Good trading,
Chris Svorcik
Elite CurrenSea

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