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Bitcoin Elliott Wave technical analysis [Video]

Bitcoin Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

Elliott Wave Analysis TradingLounge.

Bitcoin/ U.S. dollar (BTC/USD).

BTC/USD Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Zigzag.

position: Wave C.

Direction next higher degrees: wave (4).

Details: The Down of Wave C has a trend to test the 87,525 level.

Bitcoin/ U.S. dollar (BTCUSD)Trading Strategy: BTC correction may find support at 87,7525 - 86220 which is the equality of waves A and C and also a test of the Channel. So wait until Wave C is complete to join Uptrend.

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

BTCUSD

Bitcoin/ U.S. dollar(BTCUSD).

BTC/USD Elliott Wave technical analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave C

Direction next higher degrees: wave (4)

Details: The Down of Wave C has a trend to test the 87,525 level.

Bitcoin/ U.S. dollar (BTC/USD) Trading Strategy: BTC correction may find support at 87,7525 - 86220 which is the equality of waves A and C and also a test of the Channel. So wait until Wave C is complete to join Uptrend

Bitcoin/ U.S. dollar (BTC/USD) Technical Indicators: The price is below the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.

BTCUSD

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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