Overall, Bitcoin is still in an uptrend, but it is currently in a correction phase of the fourth wave, which appears to be complete. Therefore, it is an opportunity to rejoin the trend. Look for opportunities to open long positions.Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.
Elliott Wave Analysis TradingLounge H4 ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Flatposition: Wave CDirection Next higher Degrees: wave (2)Wave Cancel invalid level: 59835.83Details: Wave (2) is equal to 61.8% of Wave (1) at 61903.07Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:
Overall, Bitcoin is still in an uptrend, but it is currently in a correction phase of the fourth wave, which appears to be complete. Therefore, it is an opportunity to rejoin the trend. Look for opportunities to open long positions.Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
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