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

BTC 19May21

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