Bitcoin Elliott Wave technical analysis [Video]
|Elliott Wave Analysis TradingLounge Daily Chart, 21 February 24.
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: The five-wave increase in wave (III)
Bitcoin/ U.S. dollar (BTCUSD) trading strategy:
The increase in wave (III) precedes the correction in wave ((IV)) and is at the end of the increase, so watch out for a correction that will occur soon.
Bitcoin/ U.S. dollar (BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.
Elliott Wave Analysis TradingLounge 4Hr Chart, 21 February 24.
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: The five-wave increase in wave V
Bitcoin/ U.S. dollar (BTCUSD) trading strategy:
The increase in wave (III) precedes the correction in wave ((IV)) and is at the end of the increase, so watch out for a correction that will occur soon.
Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.