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Bitcoin Crypto Price News Today Elliott Wave Technical Analysis


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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 above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.

Crypto24(1).thumb.png.2b20c4da5a32b6a31f3cc20bb6a63062.png

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 above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.

Crypto24.thumb.png.0aa0ef5ffacce17f6cddae03f43597d4.png

Technical Analyst Kittiampon Somboonsod

Source : Tradinglounge.com get trial here!

 

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We will definitely see Bitcoin hit above 80k in October. Despite MTgox selling, blackrock continue to buy and the two US presidential aspirant have declared support for Bitcoin. We should also expect significant bullish trend from some altcoins like bgb, sol, aave, ada, poly, eth and ton.

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    • We will definitely see Bitcoin hit above 80k in October. Despite MTgox selling, blackrock continue to buy and the two US presidential aspirant have declared support for Bitcoin. We should also expect significant bullish trend from some altcoins like bgb, sol, aave, ada, poly, eth and ton.
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