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Elliott Wave Analysis TradingLounge Daily Chart, 1 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

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

Wave action (III) in the form of an often extended impulse. It is likely to go up to test the 66410.307 level. In the short term, there may be a correction in Wave IV before rising again. Therefore, Bitcoin overall is still in an uptrend.

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

Source: Tradinglounge.com

Elliott Wave Analysis TradingLounge 4Hr Chart, 1 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

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

Wave action (III) in the form of an often extended impulse. It is likely to go up to test the 66410.307 level. In the short term, there may be a correction in Wave IV before rising again. Therefore, Bitcoin overall is still in an uptrend.

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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