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Elliott Wave Analysis TradingLounge Daily Chart, 21 December 2022

Bitcoin / U.S.Dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (B)

Direction Next higher Degrees: wave ((2)) of Motive

Details: Wave retracement ((2)) is usually equal to .618 or .786 x Wave ((1)).

Wave Cancel invalid level:15479

Bitcoin / U.S. Dollar (BTCUSD) Trading Strategy: BTC is still under selling pressure as it remains below MA200 and MA50 wave oscillator below Zero-Line Momentum is Bearish, if the price drops below 15479 it will lead to a Diagonal pattern. be extra careful

Bitcoin / U.S. Dollar (BTCUSD) Technical Indicators: The price is below the MA200 MA50, indicating a downtrend. The wave oscillators above Zero-Line momentum are bearish

Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, 2 December 2022,

Bitcoin / U.S.Dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (B)

Direction Next higher Degrees: wave ((2)) of Motive

Details: Wave retracement ((2)) is usually equal to .618 or .786 x Wave ((1)).

Wave Cancel invalid level:15479

Bitcoin / U.S. Dollar (BTCUSD) Trading Strategy: BTC is still under selling pressure as it remains below MA200 and MA50 wave oscillator below Zero-Line Momentum is Bearish, if the price drops below 15479 it will lead to a Diagonal pattern. be extra careful

Bitcoin / U.S. Dollar (BTCUSD) Technical Indicators: The price is below the MA200 MA50,indicating a downtrend. The wave oscillators above Zero-Line momentum are bearish.

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