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
SEE VIDEO ON YOUTUBE
Looking to Refine Your Trading and Technical Analysis Skills?
$1 for a 20 Day Trial Membership to see for your self!
Please Note: Videos are placed out Monday, Wednesday and Friday.
Charts are posted every day for Intraday, 4 hr, daily and weekly.
Elliott degrees in order: Grand Super cycle wave, Super cycle wave, Cycle wave, Primary wave, Intermediate wave, Minor wave, Minute wave, Minuette wave and Subminuette wave.
Bitcoin Elliott Wave, Cryptocurrency Elliott Wave, Elliott Wave technical analysis of bitcoin, Elliott Wave,