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Bitcoin & Ethereum Elliott Wave Technical Analysis


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Bitcoin BTC-USD Elliott Wave Technical Analysis TradingLevels. Price Prediction Today - TradingLounge
Bitcoin Headline News Today:Skybridge Expects Bitcoin to Reach $300K In 6 years.
Crypto Market Summary Elliott Wave Analysis : ETH to above 2000 and Bitcoin above 25000 and the next step is to secure these levels are the tested support. 
The Elliott Wave structure is suggesting higher moves, that could occur rather quickly because of the series of one's and two's with the Elliott Wave structure, however the tested support with a Classic TradingLevels pattern is the next step in the pattern recognition that you're looking for as the trade setup.
Bitcoin Trading Strategy: Risk On

Analyst Peter Mathers TradingLounge™ 

 

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    • Elliott Wave Analysis TradingLounge Daily Chart, 1 Febuary 23,   Ethereum / U.S.dollar(ETHUSD) ETHUSD Elliott Wave Technical Analysis  Function: Follow trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave III of Motive Wave Cancel invalid Level: 1073 Ethereum / U.S.dollar(ETHUSD) Trading Strategy: Ethereum recovered well from the 1073 level and could break the MA200 as a signal of weakening of the downtrend. As a result, the trend may change to an uptrend. And there is a tendency towards to the price target at 2943. Ethereum / U.S.dollar(ETHUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish. TradingLounge Analyst: Kittiampon Somboonsod Source: Tradinglounge.com get trial here!   Elliott Wave Analysis TradingLounge 4H Chart, 1 Febuary 2023,   Ethereum / U.S.Dollar (ETHUSD)  ETHUSD Elliott Wave Technical Analysis  Function: Follow trend Mode: Motive Structure: Impulse Position: Wave (3) Direction Next higher Degrees: wave ((1)) of Motive Wave Cancel invalid Level: 1231 Ethereum / U.S.Dollar (ETHUSD) Trading Strategy: Ethereum continues to strengthen in its current impulse wave pattern. It is in the phase of a correction in wave (4), upon its completion, the price will increase in wave ((5)) again. Ethereum / U.S.dollar(ETHUSD) Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators have Bearish divergence watch out for Reversal.
    • thank you @OfentseIG. may you please guide me on where to get the KID document?
    • I think, that BTC will be 25K$ at the end of the winter. Though, some traders ask nowadays, is Bitcoin dead. In any case BTC has a great future.
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