Elliott Wave Analysis TradingLounge Daily Chart,Bitcoin / U.S. dollar(BTCUSD)Function: Follow TrendMode: MotiveStructure: Impulseposition: Wave (V)Direction Next higher Degrees: wave ((I))Wave Cancel invalid level: Details: The five-wave Increase of Wave (V)Bitcoin / U.S. dollar(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.Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.
Elliott Wave Analysis TradingLounge H4 Chart,Bitcoin / U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave ((1))Direction Next higher Degrees: wave (V)Wave Cancel invalid level: Details: The five-wave Increase of Wave ((1))Bitcoin / U.S. dollar(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.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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