Bitcoin and Gold Elliott Wave Analysis - TradingLounge
Bitcoin (BTC) Ethereum (ETH) Technical Analysis Elliott Wave
Overview: ABC as Wave (4) an Intermediate degree Elliott Wave structure down towards 40 - 45k
Bitcoin Elliott Wave Analysis: Wave c) of B towards the 56000 - 56500 zone
Trading Levels: Resistance Medium Level ML65|65,000 with second resistance at 60,000 the 61.8% and with support at the Major level TL5|50,000
Bitcoin Trading Strategy: Four long positions all in profit and protected by a trialing stop loss
Gold XAU/USD & Silver XAG/USD Technical Analysis Elliott Wave Forecast
Overview: The 1800 is a good target for Gold to take some profit, we can renter IF the 1800 becomes the tested support
Elliott Wave Gold: Can be counted in different ways, but the 1800 is the line in the sand, so support on 1800 flips the market to the upside.
Gold Trading Strategy: Long above 1800
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