Bitcoin and Gold Elliott Wave Analysis - Trading Lounge
Bitcoin (BTC) Ethereum (ETH) Technical Analysis Elliott Wave
Overview: The corrective rally for ETH and BTC as Wave B is well under way.
Bitcoin Elliott Wave Analysis: Wave iii (iii) of c) of B
Trading Levels:Ethereum sitting on 2500 as support would be a long trade set up and Bitcoin on 36500 as support for the first long position adding on 37200 and the 38000
Bitcoin Trading Strategy: Building long positions
Gold XAU/USD GDX Silver XAG/USD Technical Analysis Elliott Wave Forecast
Overview: Above and below golds 1900 levels is the 50 - 62% retracement space, so expect gold to be in this range for a good few weeks. Silver will be the same at 28.00.
That said the Gold and silver markets remain in their bullish trends with golds target above 2000 to 2300
Elliott Wave Gold: Expect more corrective pattern above and below 1900
Gold Trading Strategy: continue to build long positions, buying dips
Peter Mathers tradinglounge
Looking to Refine Your Trading and Technical Analysis Skills?
TradingLounge's SPECIAL DEAL 3 Months for the Price of 1 Month https://tradinglounge.com/
=========================
Risk Disclaimer
As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on.
Note: Historical trading results are no guarantee of future returns.
Some investments are inherently more risky than others. At worst, you could lose your entire investment and more
TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk.
The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses.