Elliott Wave Analysis TradingLounge Daily Chart, 13 November 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: Bitcoin has recovered well from the 24915.50 level, with Impulse-style gains leading us to expect a five-wave rally. Currently, the price is moving in Wave 3. We are missing the decline in Wave 4 and rising again in Wave 5 to complete the pattern. Impulse model complete.
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!
Elliott Wave Analysis TradingLounge 4H Chart, 13 November 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 37462.32
Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin has recovered well from the 24915.50 level, with Impulse-style gains leading us to expect a five-wave rally. Currently, the price is moving in Wave 3. We are missing the decline in Wave 4 and rising again in Wave 5 to complete the pattern. Impulse model complete.
Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.
