Elliott Wave Analysis TradingLounge Daily Chart, 11 January 24,
Bitcoin / U.S. dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave (III)
Direction Next higher Degrees: wave ((I))
Wave Cancel invalid level: 31046.25
Details: Wave (III) is equal to 161.8% of Wave (I) at 50525.35
Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin 1 is still in an uptrend. And there is a chance to test the level 50525.35, but even so, it is an increase in wave 5, which is the last wave in a sequence of five waves. that warns before corrections or trend changes Be careful of corrections.
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, 11 January 24,
Bitcoin / U.S. dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave (III)
Direction Next higher Degrees: wave ((I))
Wave Cancel invalid level: 31046.25
Details: Wave (III) is equal to 161.8% of Wave (I) at 50525.35
Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin 1 is still in an uptrend. And there is a chance to test the level 50525.35, but even so, it is an increase in wave 5, which is the last wave in a sequence of five waves. that warns before corrections or trend changes Be careful of corrections
Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum.
