Bitcoin Elliott Wave technical analysis [Video]

Elliott Wave Analysis TradingLounge Daily Chart,

Bitcoin/ U.S. dollar(BTCUSD).

BTC/USD Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Triangle.

Position: Wave ((D)).

Direction Next higher Degrees: Wave (III).

Wave Cancel invalid level: 31046.25.

Details: The corrective of Wave IV before increasing again in Wave V.

Bitcoin/U.S. dollar(BTCUSD)Trading Strategy:

Bitcoin is still in an uptrend. This is currently a short-term correction of the fourth wave. In the Triangle pattern, we are missing one more decline in wave E before another increase in the fifth wave. So wait for the correction to complete to rejoin the trend.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA.

Elliott Wave Analysis TradingLounge 4H Chart,

Bitcoin/ U.S. dollar(BTCUSD).

BTC/USD Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Triangle.

Position: Wave ((D)).

Direction Next higher Degrees: Wave (III).

Wave Cancel invalid level: 31046.25.

Details: The corrective of Wave IV before increasing again in Wave V.

Bitcoin/U.S. dollar(BTCUSD)Trading Strategy:

Bitcoin is still in an uptrend. This is currently a short-term correction of the fourth wave. In the Triangle pattern, we are missing one more decline in wave E before another increase in the fifth wave. So wait for the correction to complete to rejoin the trend.

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

BTC/USD Elliott Wave technical analysis [Video]