BTCUSD Medium Term Longs
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I am buying BTCUSD based upon a Monthly and Weekly Timeframe Elliot Wave Analysis
This Daily Timeframe has corrected to the level where I am looking to buy. As you can see BTCUSD is in Elliot Wave 3 of 3 (Extension 3) and even if it were to correct it has support at 50200.00 and 43000.00. There is a Wave Five following this Wave Three that it is currently in given Wave Three can reach up to Approximately 75000.00 Levels. If 75000.00 were to be reached by Wave Three, then even a 1.618 Wave Four Correction would have a
Maximum Extension down to Approximately 55000.00. Given we are around 55000.00 Levels this presents significant risk-free trading for BTCUSD over the next Weekly and Monthly Wave Three and Five to present itself.
High
I am buying BTCUSD based upon a Monthly and Weekly Timeframe Elliot Wave Analysis
This Daily Timeframe has corrected to the level where I am looking to buy. As you can see BTCUSD is in Elliot Wave 3 of 3 (Extension 3) and even if it were to correct it has support at 50200.00 and 43000.00. There is a Wave Five following this Wave Three that it is currently in given Wave Three can reach up to Approximately 75000.00 Levels. If 75000.00 were to be reached by Wave Three, then even a 1.618 Wave Four Correction would have a
Maximum Extension down to Approximately 55000.00. Given we are around 55000.00 Levels this presents significant risk-free trading for BTCUSD over the next Weekly and Monthly Wave Three and Five to present itself.
High
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