Elliott Wave Analysis TradingLounge Daily Chart,

Bitcoin/ U.S. dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
position: Wave V
Direction Next higher Degrees: wave (III)
Wave Cancel invalid level: 
Details: Wave V is Equal to 61.8% of Wave I  through Wave III at 87253  

Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:
BTC is still moving in an uptrend. This is a V-wave increase in the Impulse Wave pattern,
so we will focus on the five-wave increase. and look to join the trend from the correction.

Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators:

• Moving Average (MA200): The price is above the 200-day moving average (MA200), indicating a continuing uptrend.
• Wave Oscillator: Shows bullish momentum, confirming the uptrend.

Elliott Wave Analysis TradingLounge H4 Chart,

Bitcoin/ U.S. dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
position: Wave V
Direction Next higher Degrees: wave (III)
Wave Cancel invalid level: 
Details: Wave V is Equal to 61.8% of Wave I  through Wave III at 87253  

Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: BTC is still moving in an uptrend. This is a V-wave increase in the Impulse Wave pattern so we will focus on the five-wave increase. and look to join the trend from the correction.

Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators:

• Moving Average (MA200): The price remains above the 200-day moving average (MA200), affirming the uptrend.
• Wave Oscillator: Continues to indicate bullish momentum.

Technical Analyst:  Kittiampon Somboonsod

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: LINKUSD Elliott Wave Technical Analysis

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