Bitcoin/U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 17 October 23

17Oct

Bitcoin/U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 17 October 23

Elliott Wave Analysis TradingLounge Daily Chart, 17 October 23,

Bitcoin/U.S. dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave((B))
Direction Next higher Degrees: wave (B) or (II)
Wave Cancel invalid level: 15473
Details: the increase of wave B before decline in wave C

Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: Although we are seeing a good recovery for Bitcoin from the 26541 level, the price structure is a bullish rally. The three waves moving within the channel are corrective, giving us a bearish view on Bitcoin.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source: Tradinglounge.com get trial here!

Crypto23-day-chart-1...

Elliott Wave Analysis TradingLounge 4H Chart, 17 October 23,

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

Crypto23-4-hr-chart-...

Unlocking ASX Trading Success: COCHLEAR LIMITED - COH Stock Analysis & Elliott Wave Technical Forecast

Ranjeet | 0 Comments

Our detailed Elliott Wave analysis provides an examination of Cochlear Limited's (COH) stock per...

Expert Euro/U.S. Dollar (EURUSD) Elliott Wave Technical Analysis: Daily and 4-Hour Chart Insights, Trading Strategies, Market Trends, and Actionable Forex Tips

Ranjeet | 0 Comments

Explore a detailed Elliott Wave analysis of EUR/USD with a focus on daily and 4-hour charts. Key ins...

Polkadot Crypto Price News Today Elliott Wave Technical Analysis: Price Trends, Key Levels, and Trading Insights

Ranjeet | 0 Comments

Get a comprehensive DOT/USD Elliott Wave analysis, including technical insights and price forecasts....

XRPUSD Elliott Wave Technical Analysis: XRP Price Prediction, Trading Strategy, and Technical Indicators

Ranjeet | 0 Comments

This article provides a comprehensive XRPUSD Elliott Wave analysis, highlighting the price predictio...

Unlocking Corn Market Potential: Elliott Wave Analysis Points to Bullish Trend Ahead

Ranjeet | 0 Comments

Discover how Elliott Wave analysis informs trading strategies in the bullish corn market. Gain insig...

Silver Has Gained 12% Since Late January Maintaining a Bullish Outlook - XAGUSD Commodities Elliott wave Technical analysis

Ranjeet | 0 Comments

Silver has gained 12% since late January, retracing its five-wave impulse sequence while maintaining...

$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.

Quick Links

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on