A member of WaveTimes had approached me for a consultation on Bitcoin in May. On the 18th Of May, when BTCUSD was trading at 43023, I suggested that BTC was vulnerable for a sharp down move and while there was a chance for a recovery to 47000, we should not contemplate any trade on the long side. Within 24 hours, BTC fell to a low of 30,000, a move of 30%. With such a stupendous move behind us, I thought my client would appreciate an update. And the attached file below is what I had sent him.
You can look up the Daily Chart of BTCUSD, and you will see that the Key levels seen after 19th May are as follows:
HIGHS LOWS
20 May : 42549
21 May: 42294 23 May : 31000
15 June: 41323 22 June: 28800
1 Aug: 42601 5 Aug: 37244
Clearly, a proper understanding of how to profit from Elliott Waves can dramatically boost your bottom line. And this is what I teach in my online program at https://elliottwaves.com.
Don’t take my word for it. Ask your friends about it!
And now for the analysis of 19th May 2021
Enjoy. And if you would like to receive notifications about my charts, please register here:
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