Bitcoin Technical Analysis - Friday, May 21

(Video length 00:24:14)

  • Bitcoin  (BTC) Ethereum (ETH) Technical Analysis Elliott Wave
  • Overview: The bounce of 30,000 is a corrective rally, it is in three waves, so further downside is expected.
  • Bitcoin Elliott Wave Analysis: tracking the move up as a corrective rall and an impulse wave
  • Trading Levels: the levels are 30k, 25k and 20k
  • Bitcoin Trading Strategy: expect further lows, if your still short from 56,000 then continue to hold short, with stop loss at 42,477
  • I have bought long above 40,000.


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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