Elliott Wave Analysis TradingLounge Daily Chart, 25 October 23,

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 I of Impulse

Wave Cancel invalid level:

Details: Impulse's five-wave rise.

Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: Bitcoin surges sharply Supported by good news Following the approval of Bitcoin spot ETFs, we predict five Impulse Waves, with the current third wave increasing at the end of the day. Watch out for a correction in the fourth wave before rising again in the fifth wave.

Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com get trial here!

Elliott Wave Analysis TradingLounge 4H Chart, 25 October 23,

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 I of Impulse

Wave Cancel invalid level:

Details: Impulse's five-wave rise.

Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: Bitcoin surges sharply Supported by good news Following the approval of Bitcoin spot ETFs, we predict five Impulse Waves, with the current third wave increasing at the end of the day. Watch out for a correction in the fourth wave before rising again in the fifth wave.

Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.