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.