? Bitcoin & Cryptos Technical Analysis 9-13 August ’18 ?

2 min read

Bitcoin (BTC/USD) broke below several key support zones which invalidated the potential bullish 5 wave pattern. Now a bearish correction seems likely. Also Ethereum (ETH/USD) has shown strong bearish momentum which is now testing the previous bottom.

Bitcoin (BTC/USD) is probably building a larger bearish ABC correction. The bearish momentum could be a wave 3 as long as price stays below the Fibonacci retracement levels of wave 4 vs 3.

Ethereum (ETH/USD) broke several chart patterns for a bearish continuation, which is now testing the previous bottom. A break could see price build yet another new low.

Check out the video for the full analysis and trade plans on 9-13 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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