? Bitcoin & Cryptos Technical Analysis 14-18 August ’18 ?

2 min read

Bitcoin (BTC/USD) is breaking through the support zone of the range after building a wave 4 consolidation pattern. More bearishness is also expected on ETH/USD which is breaking through multiple support zones.

Bitcoin (BTC/USD) is showing strong bearish momentum which makes a bearish breakout likely. The target and next support zone can be expected at $5,500 and $5,000 support areas. A clear bullish pattern needs to emerge at support before a reversal becomes more likely.

Ethereum (ETH/USD) made several bearish breakouts below the chart patterns and is showing strong bearish impulsive price action. At least one more wave 4-5 pattern is expected before a bullish bounce could take place.

Check out the video for the full analysis and trade plans on 14-18 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

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of