Elliott Wave Analysis TradingLounge Daily Chart, 17 January 24,
Bitcoin / U.S. dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave A
Direction Next higher Degrees: wave (IV)
Wave Cancel invalid level: 31046.25
Details: Wave (IV) is equal to 38.2% of Wave III at 39804.05
Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin overall is still in an uptrend. Currently, the price is pulling back short-term in wave (IV) to continue rising again in wave (V), waiting for the correction of wave (IV) to complete to join the trend again, with wave (IV) having a reverse level. At 38.2% of wave (III) @39779.35
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, 17 January 24,
Bitcoin / U.S. dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave A
Direction Next higher Degrees: wave (IV)
Wave Cancel invalid level: 31046.25
Details: Wave (IV) is equal to 38.2% of Wave III at 39804.05
Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin overall is still in an uptrend. Currently, the price is pulling back short-term in wave (IV) to continue rising again in wave (V), waiting for the correction of wave (IV) to complete to join the trend again, with wave (IV) having a reverse level. At 38.2% of wave (III) @39779.35
Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum.
