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Elliott Wave Analysis TradingLounge Daily Chart, 17 February 2023.

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 Motive

Details: Wave ((5)) is likely to end at 25270, watch out for a retracement in wave II.

Wave Cancel invalid level: 15479

Bitcoin / U.S. Dollar (BTCUSD) Trading Strategy: The fifth wave is the last in a series of five waves. Alert before retracement or trend change And the rise in wave ((5)) is likely to end at the level of 25270. Watch out for a retracement in wave II.

Bitcoin / U.S. Dollar (BTCUSD) Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are Bullish.

Analyst: Kittiampon Somboonsod

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Elliott Wave Analysis TradingLounge 4H Chart, 17 February 2023.

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 Motive

Details: Wave ((5)) is likely to end at 25270, watch out for a retracement in wave II.

Wave Cancel invalid level: 15479

Bitcoin / U.S. Dollar (BTCUSD) Trading Strategy: The fifth wave is the last in a series of five waves. Alert before retracement or trend change And the rise in wave ((5)) is likely to end at the level of 25270. Watch out for a retracement in wave II.

Bitcoin / U.S. Dollar (BTCUSD) Technical Indicators: The price is above the MA200 indicating an Uptrend. The wave oscillators above Zero-Line momentum are bullish.

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