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Weekly Price Analysis: Bitcoin, Ethereum, Monero, Dash & Litecoin

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Weekly Price Analysis: Bitcoin, Ethereum, Monero, Dash & Litecoin

Introduction

This article was posted on Sunday, 12:37, UTC.

Bitcoin Bitcoin fell sharply this week.  After touching the 3rd arc on the daily chart (red arrow) it fell very hard, but then quickly recovered and looked like all was well.  When suddenly the other shoe dropped a couple days ago. It looks like top of the 1st square of the setup has provided support, for now at least.  Elliot Wave traders might note that this looks like it might be the end of a wave 4 of the larger degree wave (blue arrow)?  If so, per Elliot theory, this is a common place for corrections to end.   Ethereum…

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Jim Fredrickson

Jim Fredrickson

Jim has an MBA from the University of Southern California. He has had a long career in both Corporate Finance and IT. Along the way he discovered that trading was a vehicle with great promise, but struggled for a long time without a mentor. After having been knocked down many times and having struggled to get back up, he had an epiphany and realized that geometry was a solution. He shares his experience here. If you do well as a result of suggestions made here, feel free to say thank you :) BTC: 1FUq3GB1Q8zz2JpuBr7YHzVBKnaWoxgmya Follow him on Twitter (@jimfred1276) or email him at jimfred1276 at gmail.

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