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.
Bitcoin/ U.S. dollar (BTC/USD) Trading Strategy: Overview Bitcoin remains in an uptrend, with an impulsive rally, we are now in the fifth wave, which is incomplete, so the price is likely to continue to rise. Look for a rebound from the uptrend.
Bitcoin/ U.S. dollar (BTC/USD) 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: Overview Bitcoin remains in an uptrend, with an impulsive rally, we are now in the fifth wave, which is incomplete, so the price is likely to continue to rise. Look for a rebound from the uptrend.
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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