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 Increase of Wave (V).
Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Overall, Bitcoin looks like the correction has ended at the 53,534 level and the price is rising again in a wave (V) likely to rise above 72,660, so look for an opportunity to join the uptrend.
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 one-day chart
BTC/USD Elliott Wave four-hour chart
Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave ((1)).
Direction Next higher Degrees: Wave (V).
Details: The five-wave Increase of Wave ((1))
Bitcoin / U.S. dollar (BTCUSD) Trading Strategy: Overall, Bitcoin looks like the correction has ended at the 53,534 level and the price is rising again in a wave (V) likely to rise above 72,660, so look for an opportunity to join the uptrend.
Bitcoin / U.S. dollar (BTCUSD) 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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