Bitcoin/U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 31 October 23

31Oct

Bitcoin/U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 31 October 23

Elliott Wave Analysis TradingLounge Daily Chart, 31 October 23,

Bitcoin/U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave((3))

Direction Next higher Degrees: wave I of Impulse

Wave Cancel invalid level:

Details: Impulse's five-wave rise.

Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The increase continues the Impulse pattern. We are now in wave 3 position and we are still missing two more moves which would cause The price has a chance to rise above 37380.60.

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!

BTCUSD-Crypto-Day-Ch...

Elliott Wave Analysis TradingLounge 4H Chart, 31 October 23,

Bitcoin/U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave((3))

Direction Next higher Degrees: wave I of Impulse

Wave Cancel invalid level:

Details: Wave (3) Equal to 423.6% of Wave (1) at 37380.60

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

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