Elliott Wave Analysis TradingLoungeBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave (3)Direction Next higher Degrees: wave VWave Cancel invalid level: Details: The five-wave rise of wave V is likely equivalent to wave (I).Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:Wave (3) appears to have ended and the price is now entering a correction phase in wave (4), so wait for the correction to complete to rejoin the trend.Bitcoin/ U.S. dollar(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 AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave (4)Direction Next higher Degrees: wave ((3))Wave Cancel invalid level:Details: Retracement of wave 4 before rising again in wave 5.Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:Wave (3) appears to have ended and price is now entering a correction phase in wave (4), so wait for the correction to complete to rejoin the trend.Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
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