Advised Trader

Share this post

ALERT: Bitcoin setting up for final move into 20 week cycle trough

www.advisedtrader.com

Discover more from Advised Trader

Derek Frazier shares and explains his ideas and process of decision making behind cyclitecnical trading. Please like and comment.
Continue reading
Sign in
Bitcoin Trading Alerts

ALERT: Bitcoin setting up for final move into 20 week cycle trough

0035 CST

Derek William Frazier
May 18, 2022
1
Share this post

ALERT: Bitcoin setting up for final move into 20 week cycle trough

www.advisedtrader.com
Share

By my calculations, there is a final drop into the low 20k area. Maybe it just taps 24 again.

Nevertheless its at 30k right now, and there has been a break of the 5 day Up VTL meaning the 31750 area or 32000 area is a decent sized stop if you trust cycles that small, otherwise the stop is higher at 40k which is unacceptable as an initial stop.

The entry is on a break of may 17th lo 29400 if not confident at the market.

Target 24000 for 20 week cycle trough formation, due in a week or so.

It will probably move sideways to down after that.

1
Share this post

ALERT: Bitcoin setting up for final move into 20 week cycle trough

www.advisedtrader.com
Share
Previous
Next
Comments
Top
New
Community

No posts

Ready for more?

© 2023 Derek Frazier LLC
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing