Technical Analysis: Bitcoin BTC

(Video length 00:18:44)

  • Cryptocurrency Bitcoin BTC Ripple XRP Technical Analysis Elliott Wave Trading - tradinglounge.com
  • Overview: the move lower from 40,000 is bullish corrective and I took the opportunity to add to my position. I can see on the COT report Hedge funds have been reducing long positions and adding to short positions and they are net-short from last week.
  • Bitcoin Elliott Wave: Wave (iv). 
  • Trading Levels: Major Level Support above TL3|30,000. 
  • Bitcoin Trading Strategy: New long trade set up and have moved stops up on long positions

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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