Elliott Wave Analysis TradingLounge Daily Chart, 27 November 23,

Bitcoin / U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave((5))

Direction Next higher Degrees: wave I of Impulse

Wave Cancel invalid level:

Details: Wave 4 may end and the price entering to wave 5

Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Wave 4 is likely to end at the 35647 level and we are looking at a five-wave surge of Wave 5 that could potentially test the 39624 level, which is equivalent to a post-triangle thrust measurement.

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

(Click on image to enlarge)

Elliott Wave Analysis TradingLounge 4H Chart, 27 November 23,

Bitcoin / U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave((5))

Direction Next higher Degrees: wave I of Impulse

Wave Cancel invalid level:

Details: Wave 4 may end and the price entering to wave 5

Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Wave 4 is likely to end at the 35647 level and we are looking at a five-wave surge of Wave 5 that could potentially test the 39624 level, which is equivalent to a post-triangle thrust measurement.

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

(Click on image to enlarge)

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