Elliott Wave Technical Analysis: Bitcoin, Tuesday, Jan. 24

Bitcoin BTC-USD Elliott Wave Technical Analysis - TradingLounge

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Summary: Bitcoin's high is expected around 25k as Wave 1 or C 
Elliott Wave: Wave iii) 
Strategies: No Strategy / Exit Longs next high or hold for 25K

Bitcoin CME Futures contracts are still 25% shorts over 6% longs and with diminishing volume in the current trend upwards will see this market turn around the $25,000 price level.
In terms of the Trading Levels the 25K is the Medium Level and will not only play a strong resistance, but is in line with a top for the Elliott Wave count terminating around the 25k price point.
Expect a top at around the 25k, this top will also coincide with other global Indices markets including the EURUSD, GBPUSD, AUDUSD topping out

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817

Video Length: 00:19:38


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