Bitcoin Technical Analysis - Monday, May 3

Overview: ABC as Wave (4) an Intermediate degree Elliott Wave

Bitcoin Elliott Wave Analysis: Wave b) of B completing 

Trading Levels: Resistance Medium Level ML65|65,000 with second resistance at 58,000 the 61.8% and with support at the Major level TL5|50,000

Bitcoin Trading Strategy: Waiting for a trade set up long or short, that will take either one or two sessions.

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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