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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

 

 

6be7465849e1dbff4bab2adbc3f6e164

 

 

 

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.

 

931b18cdc35ea510e38d0abdba710064

 

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  • 1 month later...
On 21/11/2023 at 11:29, tradinglounge said:

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

 

 

6be7465849e1dbff4bab2adbc3f6e164

 

 

 

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.

 

931b18cdc35ea510e38d0abdba710064

 

Retracement is on the corner.... Will surge again at Jan...

IMG_20231228_074454.jpg

IMG_20231228_074518.jpg

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