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-...

MicroStrategy Inc. (MSTR) Elliott Wave Analysis: Stock Price Prediction, Key Support and Resistance Levels, and Market Trends

Ranjeet | 0 Comments

Elliott Wave analysis of MicroStrategy (MSTR) predicts a decline toward $213, with key support at $2...

CSX Corp. (CSX) U.S. Stocks Elliott Wave Technical Analysis: Shows Bullish Trend, Predicting Price Surge Toward Resistance Level

Ranjeet | 0 Comments

Detailed Elliott Wave analysis for CSX Corp. shows bullish momentum in wave {v} of 3, projecting pot...

Stay informed about Wheat Commodity Market with Wheat Elliott Wave Technical Analysis

Ranjeet | 0 Comments

Our detailed wheat Elliott Wave analysis provides insights into wheat price forecasts and market tre...

AAVE Crypto Price News Today with AAVE/USD Elliott Wave Technical Analysis Including the Price above MA200 and Bullish Momentum

Ranjeet | 0 Comments

This article provides a thorough Elliott Wave analysis of AAVE/USD, focusing on the current impulse ...

Wheat Price Forecast 2025: Wheat Commodity Elliott Wave Signals End of Bearish Cycle with Support Near $500 for Trend Reversal

Ranjeet | 0 Comments

Wheat futures remain bearish, but Elliott Wave analysis signals a potential reversal near $500 as an...

Coffee Commodity Elliott Wave Technical Analysis: Offering Traders key Insights and Strategies for Navigating the Coffee Market

Ranjeet | 0 Comments

This article provides an in-depth Coffee Elliott Wave analysis, focusing on price trends and market ...

$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