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14Jan

Cryptocurrency Bitcoin BTC Technical Analysis Elliott Wave Trading 11 Jan

TradingLounge Support |14 Jan, 2021 | 0 Comments | Return|

Cryptocurrency Bitcoin BTC Technical Analysis Elliott Wave Trading 11 Jan

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

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Cryptocurrency Elliott Wave Blog! BTC, ETH, BNB, XRP, ADA, DOT, AAVE, LINK, DOGE, XMR, NEO, THETA, TRX, UNI, VET