CostCo Wholesale Corp.(COST:NASDAQ) Elliott Wave Technical Analysis December 16 2022
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10/06/21 10:53
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Posts
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By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 25 September 23, Bitcoin/U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat Position: Wave((C)) Direction Next higher Degrees: wave II of Motive Wave Cancel invalid level: 28167.47 Details: Wave ((C)) trend move to 138.2% of Wave ((A)) at 23214.83 Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: Bitcoin overview is still in a downtrend, as the price is below MA200 and wave C is not complete The price has a trend move to 23214.83 which is a 138.2% level of wave A Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is abelow the MA200 indicating a downtrend, RSI is a Bearish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 25 September 23, Bitcoin/U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Triangle Position: Wave 4 Direction Next higher Degrees: wave ((C)) of Flat Wave Cancel invalid level: 28167.47 Details: we are still missing two moves for a triangle to be complete Bitcoin/U.S. dollar(BTCUSD) Trading Strategy: The retest is at MA200 and the price make is a higher low, indicate that the Buyer is weak, so we looking for turning down below 24612 Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, RSI is a Bullish momentum. -
By BashJasper · Posted
I really love this selfless community service of yours to enlighten us on TA skills and how to become better traders and investors especially the importance of liquidity in determining the next price action of a commodity or token. Zones of high liquidities are very essential in placing limit orders to buy at best price or sell at best price especially for derivative traders. I just hope exchanges like bitget integrate this into their trading chart tools though we're still using the basic ones there but I think it's time to start integrating advanced tools such as this to increase traders' chance of getting the best out of their trading positions -
By BashJasper · Posted
To be honest, Bitget likely has the best derivative liquidity and futures trading interface with lots of flexible risk management tools to help you navigate your trading easily. For copy-trading platform, you could still make a case for okx but being that the exchange doesn't offer retail services for most users in UK is already a limitation to the use of the platform in the region
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