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Bitcoin / U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 21 November 23


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Elliott Wave Analysis TradingLounge Daily Chart, 21 November 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 I of Impulse

Wave Cancel invalid level:

Details: Impulse's five-wave rise

Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin recovered well from the 24915.50 level with an impulse rally, leading us to expect a 5-wave rally. The price is currently moving in Wave 4 before rising again in Wave 5 to complete the pattern. Impulse complete.

Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

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Elliott Wave Analysis TradingLounge 4H Chart, 21 November 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 I of Impulse

Wave Cancel invalid level:

Details: Wave 3 may have ended and prices are entering. Correction in Wave 4

Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin recovered well from the 24915.50 level with an impulse rally, leading us to expect a 5-wave rally. The price is currently moving in Wave 4 before rising again in Wave 5 to complete the pattern. Impulse complete.

Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.

 

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    • Nice analysis, but none of these tokens retest their previous ATH or set a new one. $BGB has shown its potential by setting a new ATH and aiming to hit higher in the anticipated bull run. It is another token to include on your watchlist. 
    • Of course, here are a few exchanges with native tokens and their growth over the past 18 months: Binance BNB 239% Kinbase COIN 43% Kraken KRAKEN 194% FTH FTT 84% Uniswap EMU 167% It is important to note that these are only past performance figures and there is no guarantee that they will continue to hold up in the future. However, the growth of these exchanges suggests that their native tokens could be good investments in the next bull period. Here are some additional factors to consider when choosing an exchange token to invest in: Utility: Does the token have any utility beyond just being a store of value? For example, can it be used to pay commissions on an exchange or to receive discounts on services? Liquidity: How easy is it to buy and sell a token? Team: Does the exchange have a strong team with a proven track record? Community: Does the exchange have a large and active community? By considering these factors, you can make a more informed decision about which exchange token to invest in. I recently began to study crypto even more actively, created a new one wallet for business, with the help of which I will carry out calculations in my business. Crypto is the future, so study it and develop in this direction. Hope this helps!
    • Stock Market Report S&P 500 - NASDAQ 100 - RUSSELL 2000 - DAX 40 - FTSE 100 - ASX 200. Elliott Wave Analysis Summary: SP500 & Nasdaq 100 Wave 4 completed, looking at the first impulse wave to the upside developing. The pullback from this impulse wave the abc is the long trade setup - See video. The DAX is in line with US Indices and the FTSE 100 and the ASX200 have their own wave structures. Trading Strategies: If Friday appears bullish then look for long trades in line with the Elliott wave counts Video Chapters 00:00 SP 500 (SPX)  08:14 NASDAQ (NDX) 10:14 Russell 2000 (RUT) 11:20 DAX 40 (DAX) 13:52 FTSE 100 UKX (UK100) 15:56 ASX 200 (XJO) 22:21 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com   Access Trial #sp500 #nasdaq100 #russell2000 #dax40 #ftse100 #asx200 #analysis #news #trading #elliottwave #finance #stockmarket    
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