Elliott Wave Analysis TradingLounge Daily Chart.
Bitcoin/ U.S. dollar(BTCUSD)
BTC/USD Elliott Wave technical analysis
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) 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) 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.
Bitcoin Elliott Wave technical analysis [Video]
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