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Bitcoin Elliott Wave technical analysis [Video]

Bitcoin Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

BTC/USD Elliott Wave technical analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave V.

Direction next higher degrees: Wave (I).

Details: The five-wave rise of wave V is likely equivalent to wave I.

Bitcoin/ US Dollar (BTC/USD) Trading Strategy: Overview Bitcoin remains in an uptrend, with an impulsive rally, we are now in the fifth wave, which is incomplete, so the price is likely to continue to rise. Look for a rebound from the uptrend.

Bitcoin/ US Dollar (BTC/USD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.

btc

BTC/USD Elliott Wave technical analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave (3).

Direction next higher degrees: Wave ((3)).

Details: The five-wave rise of wave (3).

Bitcoin/ US Dollar (BTCUSD) Trading Strategy: Overview Bitcoin remains in an uptrend, with an impulsive rally, we are now in the fifth wave, which is incomplete, so the price is likely to continue to rise. Look for a rebound from the uptrend.

Bitcoin/ US Dollar (BTCUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.

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Bitcoin Elliott Wave technical analysis [Video]

Author

Peter Mathers

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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