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:
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
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