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

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in Cryptocurrency and Blockchain

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Posted 
Elliott Wave Analysis TradingLounge Daily Chart, 13 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: Five-wave extension of wave C is likely to be below 24612

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, MACD and RSI is a Bearish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA





Elliott Wave Analysis TradingLounge 4H Chart, 13 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: Five-wave extension of wave C is likely to be below 24612

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, MACD and RSI is a Bullish momentum.

BTCH4.thumb.png.e92fffeaec3a91f50052d0acaf6ee588.png

BTC Day.png

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