BTCUSD Elliott Wave Analysis TradingLounge Daily Chart

Bitcoin/ U.S. Dollar Daily Chart Analysis

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: The price is likely to increase above the level of 73,660.

Bitcoin/ U.S. dollar (BTCUSD) Trading Strategy:

• A five-wave increase in the Impulse pattern, with the fourth wave appearing to be complete.
• The price rose again during the fifth wave.
• The overall picture suggests a rise above the level of 73,660.

Bitcoin/ U.S. dollar (BTCUSD) Technical Indicators:

• The price is below the MA200 indicating an uptrend.
• The Wave Oscillator shows bullish momentum.

BTCUSD Elliott Wave Analysis TradingLounge 4-Hour Chart

Bitcoin/ U.S. Dollar 4-Hour Chart Analysis

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: The price is likely to increase above the level of 73,660.

Bitcoin/ U.S. dollar (BTCUSD) Trading Strategy:

• A five-wave increase in the Impulse pattern, with the fourth wave appearing to be complete.
• The price rose again during the fifth wave.
• The overall picture suggests a rise above the level of 73,660.

Bitcoin/ U.S. dollar (BTCUSD) Technical Indicators:

• The price is below the MA200 indicating an uptrend.
• The Wave Oscillator shows bullish momentum.

Technical Analyst:  Kittiampon Somboonsod

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: Dogecoin/ U.S. dollar (DOGEUSD) Elliott Wave Technical Analysis

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