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Bitcoin BTC/USD lifting off 25,000 with the first [Video]

Bitcoin BTC/USD lifting off 25,000 with the first [Video]
Peter MathersPeter MathersTradingLounge

Bitcoin BTC/USD Lifting off 25,000 with the first impulse wave, this could be positive...

Summary: Bitcoin Elliott Wave structure is appearing positive, there are however a lot of short contracts being held by hedge funds in the CME Futures market. 

Elliott Wave Wave ii) low in place at 25,000 with the first impulse wave up off the low, however this is not enough to confirm the next trend higher

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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