05Dec

Bitcoin/ U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 5 December 23

Elliott Wave Analysis TradingLounge Daily Chart, 5 December 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 :Bitcoin continues to soar But it is the rise of the fifth wave that will provide early warning of a correction or trend change. and has a chance to reach the level 43719.48, which is equal to 61.8% of the length of wave 1 to wave 3.

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!

BTCUSD-Day-Crypto-Ch...

 


 

Elliott Wave Analysis TradingLounge 4H Chart, 5 December 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: Bitcoin continues to soar But it is the rise of the fifth wave that will provide early warning of a correction or trend change. and has a chance to reach the level 43719.48, which is equal to 61.8% of the length of wave 1 to wave 3.

Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

BTCUSD-4Hr-Crypto-Ch...

Related

Comprehensive Analysis of the Swiss Market Index (SMI) delves into the Elliott Wave Technical Analysis: day and weekly charts

Comprehensive Analysis of the Swiss Market Index (SMI) delves into the Elliott Wave Technical Analysis: day and weekly charts

This comprehensive analysis of the Swiss Market Index (SMI) delves into the Elliott Wave patterns on...

Read More >
FTSE 100 Elliott Wave Analysis: Bullish Trend, Trading Signals, Price Prediction & Market Forecast for UK Stock Investors

FTSE 100 Elliott Wave Analysis: Bullish Trend, Trading Signals, Price Prediction & Market Forecast for UK Stock Investors

The FTSE 100 Elliott Wave analysis highlights a bullish trend with impulsive wave structures, indica...

Read More >
WTI Crude Oil Commodity Elliott Wave Technical Analysis Explores the Current Market Trends using Elliott Wave theory

WTI Crude Oil Commodity Elliott Wave Technical Analysis Explores the Current Market Trends using Elliott Wave theory

This detailed WTI Crude Oil analysis explores the current market trends using Elliott Wave theory. W...

Read More >
COIN Elliott Wave Technical Analysis: Coinbase Global Inc. U.S. Stocks Daily & Weekly Impulse Analysis With Fibonacci Extension

COIN Elliott Wave Technical Analysis: Coinbase Global Inc. U.S. Stocks Daily & Weekly Impulse Analysis With Fibonacci Extension

Comprehensive Elliott Wave breakdown for COIN, covering daily and weekly charts, impulse wave detail...

Read More >
U.S. Dollar / Japanese Yen (USDJPY) Elliott Wave Analysis: Forex Market Trends & Technical Analysis for Better Trading Decisions

U.S. Dollar / Japanese Yen (USDJPY) Elliott Wave Analysis: Forex Market Trends & Technical Analysis for Better Trading Decisions

USDJPY Elliott Wave analysis examines the current Forex market trends using the Elliott Wave theory....

Read More >
U.S.Dollar/Japanese Yen (USDJPY) Day Chart Elliott Wave Technical Analysis 9 November 23

U.S.Dollar/Japanese Yen (USDJPY) Day Chart Elliott Wave Technical Analysis 9 November 23

U.S.Dollar/Japanese Yen (USDJPY) Day Chart Elliott Wave Technical Analysis 9 November 23 represents ...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on