Elliott Wave Analysis Daily Chart for TradingLounge,
Bitcoin/US Dollar (BTCUSD).
BTCUSD Elliott Wave Technical Analysis
job: Counter trend.
situation: Corrective.
building: triangle.
position: Wave ((d)).
Trend following higher grades: Wave (III).
Invalid wave cancellation level: 31046.25.
details: Wave IV corrects before rising again in wave V.
Bitcoin/US Dollar (BTCUSD) Trading Strategy:
Bitcoin is still in an uptrend. This is currently a short-term correction of the fourth wave. In a triangle pattern, we miss another low in wave E before another high in wave 5. So wait for the correction to complete to rejoin the trend.
Bitcoin/USD (BTCUSD) Technical Indicators: The price is above MA200 which indicates an uptrend, and the wave oscillator considers bullish momentum.
TradingLounge Analyst: Kityambun Somponsod, that.
Elliott Wave Analysis TradingLounge 4-Hour Chart,
Bitcoin/US Dollar (BTCUSD).
BTC/USD Elliott Wave Technical Analysis
job: Counter trend.
situation: Corrective.
building: triangle.
position: Wave ((d)).
Trend following higher grades: Wave (III).
Invalid wave cancellation level: 31046.25.
details: Wave IV corrects before rising again in wave V.
Bitcoin/US Dollar (BTCUSD) Trading Strategy:
Bitcoin is still in an uptrend. This is currently a short-term correction of the fourth wave. In a triangle pattern, we miss another low in wave E before another high in wave 5. So wait for the correction to complete to rejoin the trend.
Bitcoin/USD (BTCUSD) Technical Indicators: The price is above MA200 which indicates an uptrend, and the wave oscillator considers bullish momentum.
BTC/USD Elliott Wave Technical Analysis Video
