Jump to content

Bitcoin Crypto Price News Today Elliott Wave Technical Analysis


Recommended Posts

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.4e988b07f9965f5fdd2e7947a4b00dfe.png

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

Crypto24.thumb.png.de682a39dca56d3c8fe8800305c35e37.png

Technical Analyst Kittiampon Somboonsod

Source : Tradinglounge.com get trial here!

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • I first stumbled upon Magnet when @RookieXBT tweeted about it, talking about how magnets have this invisible power that represents hope and faith. Pretty deep for a meme coin, right? 😄 Then @MustStopMurad retweeted it, and boom! The hype train left the station. BingX is adding the MAGNET/USDT pair, which is huge for liquidity. Mark your calendars, folks - deposits open on October 12th at 04:00 UTC, and withdrawals kick off on October 13th at 09:00 UTC.  For you number crunchers out there, Magnet has a total supply of 999,999,996 tokens. Not sure about the tokenomics yet, but I'm definitely going to do some digging before the listing goes live. What's got me intrigued is the community behind this project. The English-speaking crowd is super active, and even the Chinese community is starting to take notice. I've been lurking in their Telegram (t.me/magnet_community0) and Twitter community, and the energy is off the charts!
    • Staking is the cornerstone for Network security in proof of stake (pos) and 32 ETH requirement for becoming a validator remain a stumbling block to many potential participants in Eth transition to pos. This was why one analyst recently praised Puffer Finance and claim it could increase participation since users can participate in Ethereum staking with as little as 1 or 2 ETH, especially with the anti-Slashing Technology. I didn’t pay much attention to his analysis since I didn’t have 1 eth to stake during the testnet stage but will this have any impact on eth staking participation?  
    • What caught my eye is their focus on empowering creators in the crypto world. As someone who's always been interested in the creator economy, I'm really curious to see how their MUA7648 protocol works. Apparently, it helps with the "modularization of AI agent assets" and supports unlimited issuance. Not entirely sure what that means in practice, but it sounds promising! Oh, and get this - they're running a trading event with a 500,000 MUA prize pool! 🎁 If you're interested, you need to register first. Trading starts on October 10th at 07:00 UTC. I've been reading up on their ecosystem, and it's pretty comprehensive. They've got MUA Academy for learning, MUA Cantina as a marketplace, MUA Labs for innovation, and something called MUAverse. With over 5,000 certified creators already on board, it seems like they're building a solid community.
×
×
  • Create New...
us