Bitcoin Elliott Wave Technical Analysis 5 March 24

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Elliott Wave Analysis TradingLounge Daily Chart, 5 March 24,

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 (III)

Wave Cancel invalid level: 31046.25

Details: The five-wave increase in wave (III) may be complete Watch out for Corrective

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

Bitcoin's rise continues higher From the rise of the third wave This is likely to break the all time high of 68997.75, but in the final stretch of the rally we still lack movement. Two more times to complete the large Impulse structure, watch out for corrections.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

 

 

 

Elliott Wave Analysis TradingLounge 4Hr Chart, 5 March 24,

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 (III)

Wave Cancel invalid level: 31046.25

Details: The five-wave increase in wave (III) may be complete Watch out for Corrective

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

Bitcoin's rise continues higher From the rise of the third wave This is likely to break the all time high of 68997.75, but in the final stretch of the rally we still lack movement. Two more times to complete the large Impulse structure, watch out for corrections.

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

 

 

[Imam]

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