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.
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