SP500 Elliott Wave Analysis: SP&500 Hits Brick Wall 4000
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10/06/21 10:53
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By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 5 December 23, Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave((5)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid level: Details: Wave 4 may end and the price entering to wave 5 Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy :Bitcoin continues to soar But it is the rise of the fifth wave that will provide early warning of a correction or trend change. and has a chance to reach the level 43719.48, which is equal to 61.8% of the length of wave 1 to wave 3. Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 5 December 23, Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave((5)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid level: Details: Wave 4 may end and the price entering to wave 5 Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy :Bitcoin continues to soar But it is the rise of the fifth wave that will provide early warning of a correction or trend change. and has a chance to reach the level 43719.48, which is equal to 61.8% of the length of wave 1 to wave 3. Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum. -
Forex or Crypto swing trading is a trading style based on identifying swings in the market. Since these swings can take a while to develop, swing trading is most often done over the course of several days or market cycles. If visualized as surfers, traders who utilize this method are out to catch and ride big, long waves. However, in order to catch those waves, traders first need to identify major pivots in the market. What is a Pivot Point? For Crypto or forex traders, it is imperative to know what pivots are and how to spot them. Pivots are the points in the market where price changes direction, from bullish to bearish to bullish, etc. There are important points in price, and there are less important points. Swing traders will not focus on minor pivots, while scalpers will try to take advantage of every minor pivot found. How to Identify Major Pivot Points for Crypto or Forex Swing Trading Major pivot points are easier to spot. They tend to form near support and resistance levels, or they themselves create a new important level. These are points where buyers and sellers are very active. Minor pivots form more regularly and randomly. -
The listing of LSK on the named CEX, with their 20M+ user base will expose LSK to a different set of traders who prefer or actively use the trading platform esp utilizng their copy trading product. This expanded reach could result in increased trading volume, which is often viewed positively in the crypto space.
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