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Bitcoin Elliott Wave technical analysis [Video]

Bitcoin Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

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.

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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