Jump to content

Bitcoin (BTCUSD) Elliott Wave Technical Analysis 1 November 2022


Recommended Posts

Bitcoin (BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (1)

Direction Next higher Degrees: Sub-wave of Wave ((1))

Details: Wave C is likely to end and the price is expected to trade above the 25212 level, but it

must not reverse below 18183.

Wave Cancel invalid level: 18183.

Bitcoin (BTCUSD) Trading Strategy: Wave C is likely to end and the price is expected to

trade above the 25212 level but must not reverse below 18183. This could be an opportunity

to join a larger trend. But may have to wait for a shortening of the price after testing the key

resistance at the MA200 line.

Bitcoin (BTCUSD) Technical Indicators: MACD and MACD Histogram has a bullish

divergence The price has a chance to turn into an Uptrend.

Tradinglounge analyst : Kittiampon Somboonsod

 

1148685542_BTCDay.thumb.png.ad7060ee6b058a08d870568369e3c4d9.png

 

 

 

Bitcoin (BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: Sub-wave of Wave ((1))

Details: Wave 3 is usually 1.618 x wave 1 at 21540. but must not reverse below 256.4

Wave Cancel invalid level: 18183.

Bitcoin (BTCUSD) Trading Strategy: The rise of wave 3 tends to be unfinished and the

price has a chance to rise again in wave 5 when wave 4 ends. This could be a short-term

buying opportunity.

Bitcoin (BTCUSD) Technical Indicators: MACD Histogram has a hidden bullish divergence

The price has a chance to turn into an Uptrend.

454083572_BTCH4.thumb.png.2d41343dc51295665366ef989eb13db7.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart Dogecoin/ U.S. dollar(DOGEUSD) DOGEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Zigazg Position: Wave ((C)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: Details: the corrective of Wave 4 before entry to uptrend again Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: The fourth wave correction is likely to go down to test the 0.1169 level before rising again in the fifth wave. Therefore, the overall outlook is for a short-term pullback to continue rising. Wait for the correction to complete to re-enter the trend. Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum. Elliott Wave Analysis TradingLounge H4 Chart Dogecoin/ U.S. dollar(DOGEUSD) DOGEUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave (5) Direction Next higher Degrees: wave ((C)) of Zigzag Wave Cancel invalid Level: Details: We missing one Move down in wave 5 before the price entry to Uptrend again Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: A fourth wave correction came before falling again in the fifth wave. Therefore, the overall picture is a continuous decline. Wait for the correction to complete to re-enter the trend. Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!      
    • The Bitcoin Halving has finally occured, a lot of users are filled with optimism with respect to the halving coming to fruition, crypto pundits think the halving precedes a bull run as it often happens historically. A couple of exchanges are well aware of the optimism of crypto enthusiasts, to further boost interest, Platforms like Bitget have come up with worthwhile prizes to enable users earn from the post halving. The first prize pool of the event is about 0.4 BTC, the activities are quite simple, you can trade a futures volume of over 100 USDT to get random rewards of 20 USDT; https://www.bitget.com/futures/usdt/BTCUSDT . Similarly, you can be among the top 50 ranking traders during the event to share from the prize pool. The Futures trading volume must be ≥10,000 USDT to be eligible.
×
×
  • Create New...
us