Elliott Wave Analysis TradingLounge Daily Chart, 1 July 2023, Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: wave III of Motive Details: Wave 3 is usually equal to 1.618 multiplied Length of wave 1 Wave Cancel invalid level: 24770.53
Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: Bitcoin continues to trend higher. With the price above the MA200 line and the price structure still in the Impulse Wave pattern in wave ((3)), the overall Bitcoin trend is in a strong uptrend.
Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend MACD and RSI are bullish momentum
TradingLounge.com Analyst: Kittiampon Somboonsod, CEWA
DAILY CHART
Elliott Wave Analysis TradingLounge 4H Chart, 1 July 2023, Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Double Corrective Position: Wave Y Direction Next higher Degrees: wave (2) of Motive Details: Wave (2) is likely to end at the level of 29452.19 A five-wave rise from this point will support this idea.
Wave Cancel invalid level: 24770.53
Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: Bitcoin continues to trend higher. With the price above the MA200 line and the price structure still in the Impulse Wave pattern in wave ((3)), the overall Bitcoin trend is in a strong uptrend.
Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend MACD and RSI are bullish momentum
CHART 4 HOUR
