Bitcoin/ U.S. dollar (BTC/USD) trading strategy: Overall, Bitcoin is still in an uptrend. But it is a period of correction in the fourth wave. which appears to be complete. Therefore, it is an opportunity for us to join the trend once again. Look for opportunities to open long positions..

Bitcoin/ U.S. dollar (BTC/USD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

BTC/USD Elliott Wave technical analysis four-hour chart

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave V.

Direction next higher degrees: Wave (III).

Wave cancel invalid level: 31046.25.

Details: Wave IV may be complete and the Price increase again in Wave V.

Bitcoin/ U.S. dollar (BTC/USD) technical indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

Bitcoin Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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BTC/USD Elliott Wave technical analysis

BTC/USD Elliott Wave technical analysis four-hour chart

Bitcoin Elliott Wave technical analysis [Video]

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