Bitcoin / U.S. dollar (BTCUSD)BTCUSD Elliott Wave Technical Analysis – Daily ChartFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave (V)Direction Next higher Degrees: wave ((I))Wave Cancel invalid level: Details: The five-wave Increase of Wave (V)BTCUSD Trading Strategy: Overall, Bitcoin looks like the correction has ended at the 53,534 level and the price is rising again in a wave (V) likely to rise above 72,660, so look for an opportunity to join the uptrend.BTCUSD Technical Indicators: The price is above the MA200 indicating an Uptrend. The Wave Oscillator is a Bullish Momentum.
Bitcoin / U.S. dollar (BTCUSD)BTCUSD Elliott Wave Technical Analysis – 4H ChartFunction: Counter TrendMode: Corrective Structure: ZigzagPosition: Wave ADirection Next higher Degrees: Wave V of ImpulseWave Cancel invalid Level:Details: wave ((2)) Is Equal to 61.8% of Wave ((1)) at 0.1373.BTCUSD Trading Strategy: Overall, Bitcoin looks like the correction has ended at the 53,534 level and the price is rising again in a wave (V) likely to rise above 72,660, so look for an opportunity to join the uptrend.BTCUSD Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.
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