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Elliott Wave Analysis TradingLounge Daily Chart, 11 March 2024.Bitcoin/U.S. Dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: wave (III)Wave Cancel invalid level: 31046.25Details: The five-wave increase in wave (III) may be complete Watch out for CorrectiveBitcoin/U.S. Dollar(BTCUSD)Trading Strategy:Bitcoin’s rise continues higher From the rise of the third wave This is likely to break the all time high of 68997.75, but in the final stretch of the rally we still lack movement. Two more times to complete the large Impulse structure, watch out for corrections.Bitcoin/U.S. Dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.Analyst: Kittiampon Somboonsod, CEWAElliott Wave Analysis TradingLounge 4Hr Chart, 11 March 2024.Bitcoin/U.S. Dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: wave (III)Wave Cancel invalid level: 31046.25Details: The five-wave increase in wave (III) may be complete Watch out for CorrectiveBitcoin/U.S. Dollar(BTCUSD)Trading Strategy:Bitcoin’s rise continues higher From the rise of the third wave This is likely to break the all time high of 68997.75, but in the final stretch of the rally we still lack movement. Two more times to complete the large Impulse structure, watch out for corrections.Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.
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