Elliott Wave Analysis TradingLounge Daily Chart,
Bitcoin/ U.S. dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
position: Wave V
Direction Next higher Degrees: wave (III)
Wave Cancel invalid level:
Details: Wave V is Equal to 61.8% of Wave I through Wave III at 87253
Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:
BTC is still moving in an uptrend. This is a V-wave increase in the Impulse Wave pattern,
so we will focus on the five-wave increase. and look to join the trend from the correction.
Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators:
- Moving Average (MA200): The price is above the 200-day moving average (MA200), indicating a continuing uptrend.
- Wave Oscillator: Shows bullish momentum, confirming the uptrend.
Elliott Wave Analysis TradingLounge H4 Chart,
Bitcoin/ U.S. dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
position: Wave V
Direction Next higher Degrees: wave (III)
Wave Cancel invalid level:
Details: Wave V is Equal to 61.8% of Wave I through Wave III at 87253
Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: BTC is still moving in an uptrend. This is a V-wave increase in the Impulse Wave pattern so we will focus on the five-wave increase. and look to join the trend from the correction.
Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators:
- Moving Average (MA200): The price remains above the 200-day moving average (MA200), affirming the uptrend.
- Wave Oscillator: Continues to indicate bullish momentum.
Technical Analyst: Kittiampon Somboonsod
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
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