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
Source: Tradinglounge.com get trial here!
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)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.
