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 at the 98360 level.
Bitcoin/ U.S. dollar (BTCUSD) Trading Strategy: The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 3 and The price action remains in an uptrend, and we are looking for a re-entry into the trend.
Bitcoin/ U.S. dollar (BTCUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
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/ U.S. dollar (BTC/USD) Trading Strategy: The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 3 and The price action remains in an uptrend, and we are looking for a re-entry into the trend.
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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