Bitcoin Day Trading - Monday, Oct. 4

By Alessio Barretta of TradingLounge.com

Elliott Wave Analyst - tradinglounge • Oct 4, 2021 at 12:00 AM EDT

Bitcoin Technical Analysis - Elliott Wave forecast & trading.

Bitcoin and Ethereum Technical Analysis Elliott Wave Forecast & Trading
Overview: Bitcoin is confirming as a bullish trend
Bitcoin Elliott Wave: Wave (iii) of i) of 3 of (5)
Bitcoin Technical Analysis Over the week ahead I'm looking for Classic Trading Levels pattern on 50,000
Trading Levels Bitcoin: mTL3|43,000 the Midpoint mTL5|45,000 and Minor Group2 46,500|47,200|48,000
Bitcoin Trading Strategy: Building long positions, next is adding on mTL5|50k with the trade setup as the Classic TradingLevel pattern

Trading tip: less is more, make the first position very small, get it to break even and then add another position. The first step is to half the initial risk, always think how you can do that. halving your risk doubles your improvement as a trader.

Video Chapters
00:00 TOTAL & Ethereum
02:27 Bullish Bitcoin count

Video length 00:17:57

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