Bitcoin support must hold
Bitcoin is testing the long-term uptrend support 30000. We are still seeing this as the 3rd wave from the instrument 2000 low in progress, which would top in the long-term around 150000. This view will be invalidated only upon a break below 30000.
The weekly chart shows a bullish candle bounce off the strong support as we are in the 4th wave of the long-term impulse 5th wave. Zig-zag correction is about to be finished and confirmed upon a break above 45000.
LIVE ONE ON ONE TRAINING TO TEACH YOU PERFECT ENTRY AND EXIT TIMING IN ALL ASSET CLASSES
On a daily chart, we can see a good RR trade opportunity Already a member? This article is so good, it’s for premium members only.
Does that sound like you?
Go Premium to read full trading strategy with parameters of entry, stop loss, and exit. Why Premium?
We have used the combination of the top-down trading analysis to get these critical levels explained in the charts. Also, you can see Elliott Wave and price action analysis together in action along with the Andrews Pitchfork channel tool. If you want to learn the trading strategy that will give you immediate results in your trading register for Live Training Mentoring.
