Bitcoin Analysis - Friday, June 25

(Video length 00:24:37)

  • Crypto Overview: Bitcoin is in a stronger position than Ethereum as we can see in the ETHBTC chart, also using On Chain Analytics 
  • we can see Whales are increasingly buying Bitcoin, while retailers get shaken out of their Bitcoin.
  • Bitcoin Elliott Wave Analysis: Tracking different counts
  • Trading Levels: 35000 followed by 36,500 are the important levels of support for long traders.
  • Bitcoin Trading Strategy: We are currently long, however, the safe long trade would be the 35,000 as the tested support with a classic trading levels pattern for the trade set up.

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 ...

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