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Bitcoin/ U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 19 February 24


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Elliott Wave Analysis TradingLounge Daily Chart, 19 February 24,

Bitcoin/ U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave V

Direction Next higher Degrees: wave (III)

Wave Cancel invalid level: 31046.25

Details: the Five-wave increase in wave (III)

Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:

Wave II correction appears to be over at the 81.485 level and the price is likely to be bullish again. We are looking at a five-wave increase. to support this idea.

Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

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Elliott Wave Analysis TradingLounge 4Hr Chart, 19 February 24,

Bitcoin/ U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave V

Direction Next higher Degrees: wave (III)

Wave Cancel invalid level: 31046.25

Details: the Five-wave increase in wave V

Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:

The unfinished rise of Wave (III) continues to extend into Wave V and has a chance to test the 56632.83 level, which is the 200% level of Wave (I).

Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.

 

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    • Elliott Wave Analysis TradingLounge Daily Chart, Bitcoin / U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Double Corrective position: Wave ((Y)) Direction Next higher Degrees: wave IV Wave Cancel invalid level:  Details: The decline of wave IV is likely to end and the price is re-entering the uptrend. Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: It looks like the wave IV correction is complete and the price is still likely to move up. Look for an opportunity to join the wave V uptrend. Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum. Elliott Wave Analysis TradingLounge H4 Chart, Bitcoin / U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Double Corrective position: Wave ((Y)) Direction Next higher Degrees: wave (2) Wave Cancel invalid level:  Details: Wave (2) is likely to end and the price is re-entering the uptrend. Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 3 uptrend. Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!  
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