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Bitcoin /U.S.dollar(BTCUSD) Elliott Wave Technical Analysis 13 April 23


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Elliott Wave Analysis TradingLounge Daily Chart, 13 April 23,  

Bitcoin /U.S.dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: wave (I) of Motive

Details: Wave 3 is equal to 1.618 or 2.618 multiplied Length of wave 1 

Wave Cancel invalid level: 15479

Bitcoin /U.S.dollar(BTCUSD)Trading Strategy: Bitcoin Remains in a Strong Uptrend It was able to keep above the MA200 and MA50 lines and also managed to break through the upper parallel channel. Thus, the view remains a steady rise of wave ((3)) that tends to be 1.618 or 2.618 times the length of wave ((1)) at levels 35433 and 45222.

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.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

BTCDay.thumb.png.0e690fc907a1f484ea80d622df9c56e1.png

 

Elliott Wave Analysis TradingLounge 4H Chart, 13 April 23,  

Bitcoin /U.S.dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: wave ((3)) of Motive

Details: Wave (3) is equal to 1.618 Length of wave (1) 

Wave Cancel invalid level: 27824.73

Bitcoin /U.S.dollar(BTCUSD)Trading Strategy: Bitcoin Remains in a Strong Uptrend It was able to keep above the MA200 and MA50 lines, the view remains a steady rise of wave ((3)) that tends to be 1.618 times the length of wave ((1)) at levels 31503.

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.

BTCH4.thumb.png.f75f519c8d73cd39420c8c947240bf71.png

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