Bitcoin Elliott Wave Analysis: Comparing Amazon, Tesla And Nasdaq Helping To Time The Swings

Elliott Wave Analyst - tradinglounge • May 31, 2022 at 6:35 AM EDT

Bitcoin Trading Strategy: Waiting for the wave 4 top to complete.

Bitcoin, Blockchain, Crypto, Cryptocurrency, Coin

Image Source: Pixabay

Bitcoin Cryptocurrency: BTC-USD Elliott Wave Technical Analysis and TradingLevels. Market Summary: Bitcoin is retesting supply at (30,000 Major TradingLevel TL3) as an Elliott Wave Triangle Pattern.

Crypto Market Summary:

Bitcoin and Ethereum are still in their wave four correction, but in their very late stages of a) b) c) wave 4.
Today I compare Bitcoin highs and lows to the tech stocks AMZN and TSLA plus the Nasdaq and SP500 to understand the timing of events

Bitcoin Trading Strategy: Waiting for the wave 4 top to complete.

Video Length: 00:24:39

Disclosure:

As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.