Bitcoin /U.S.dollar (BTCUSD) Elliott Wave Technical Analysis 15 February 23

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Elliott Wave Analysis TradingLounge Daily Chart, 15 February 23,

Bitcoin /U.S.dollar(BTCUSD)

Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((5))

Direction Next higher Degrees: wave I of Motive

Details: Wave ((5)) equals wave ((1)) at 24400

Wave Cancel invalid level: 18475

Bitcoin /U.S.dollar(BTCUSD) Trading Strategy: Bitcoin has recovered from the same MA200 level reversing wave 4, making the price more likely to rise in wave 5 that could lead to the 24349 level.

Bitcoin /U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators Below Zero-Line momentum are bearish.

TradingLounge Analyst: Kittiampon Somboonsod

 

Elliott Wave Analysis TradingLounge 4H Chart, 15 February 23,

Bitcoin /U.S.dollar(BTCUSD)

Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((5))

Direction Next higher Degrees: wave I of Motive

Details: Wave ((5)) equals wave ((1)) at 24400

Wave Cancel invalid level: 18475

Bitcoin /U.S.dollar(BTCUSD) Trading Strategy: Bitcoin has recovered from the same MA200 level reversing wave 4, making the price more likely to rise in wave 5 that could lead to the 24349 level.

Bitcoin /U.S.dollar(BTCUSD) Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish.