Bitcoin Analysis for Thursday, Oct. 22

By Peter Mathers of TradingLounge.com

Elliott Wave Analyst - tradinglounge • Oct 22, 2020 at 12:46 AM EDT

Trading Levels: Major Level 13,000 as the tested support is the next step in a higher trend that needs to be confirmed.

Bitcoin BTC Technical Analysis Elliott Wave

Bitcoin Elliott Wave: Wave (iii) of iii) of 1 of (3)

Trading Levels: Major Level 13,000 as the tested support is the next step in a higher trend that needs to be confirmed

Bitcoin Trading Strategy: Long at 10,800, 10,900, 11,000, 11,500 (Option to take % profit at 13,000 a Major Level)

Video length 00:23:37

Please Note:
My Personal trading Strategy for Bitcoin is buying AU $1,000 each week, a dollar-cost average strategy over the long term years, I don't have a view of selling. Therefore I will not have any stop losses as I'm not trading Bitcoin, I'm just stacking as to date AUD $5000

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