Bitcoin/U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 13 October 23

13Oct

Bitcoin/U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 13 October 23

Elliott Wave Analysis TradingLounge Daily Chart, 13 October 23

Bitcoin/U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave((C))

Direction Next higher Degrees: wave (B) or (II)

Wave Cancel invalid level: 15473

Details: the five-wave decline of wave C

Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: Bitcoin is still in a downtrend. The price structure has a continuous decline of Wave C and the price tends to trade below 24916, where we will focus on the five declines of Wave C.

Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, RSI is a Bearish Momentum TradingLounge Analyst: Kittiampon Somboonsod, CEWA

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Crypto-Bitcoin-day-c...

Elliott Wave Analysis TradingLounge 4H Chart, 13 October 23

Bitcoin/U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave((C))

Direction Next higher Degrees: wave (B) or (II)

Wave Cancel invalid level: 15473

Details: the five-wave decline of wave C

Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, RSI is a Bearish Momentum.

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