Elliott Wave Analysis TradingLounge Daily Chart, 27 November 23,
Bitcoin / U.S. dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave((5))
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid level:
Details: Wave 4 may end and the price entering to wave 5
Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Wave 4 is likely to end at the 35647 level and we are looking at a five-wave surge of Wave 5 that could potentially test the 39624 level, which is equivalent to a post-triangle thrust measurement.
Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.
TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source: Tradinglounge.com get trial here!
Elliott Wave Analysis TradingLounge 4H Chart, 27 November 23,
Bitcoin / U.S. dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave((5))
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid level:
Details: Wave 4 may end and the price entering to wave 5
Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Wave 4 is likely to end at the 35647 level and we are looking at a five-wave surge of Wave 5 that could potentially test the 39624 level, which is equivalent to a post-triangle thrust measurement.
Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.
