Elliott Wave Analysis TradingLounge Daily Chart, 19 February 24.
Bitcoin/ U.S. dollar(BTCUSD)
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:
Wave II correction appears to be over at the 81.485 level and the price is likely to be bullish again. We are looking at a five-wave increase. to support this idea.
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, 19 February 24,
Bitcoin/ U.S. dollar(BTCUSD)
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 unfinished rise of Wave (III) continues to extend into Wave V and has a chance to test the 56632,83 level, which is the 200% level of Wave (I).
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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