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Elliott Wave Analysis TradingLounge Daily Chart
Bitcoin/ U.S. dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
position: Wave V
Direction Next higher Degrees: wave (III)
Wave Cancel invalid level:
Details: Wave V is Equal to 61.8% of Wave I  through Wave III at 87253  

Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:
BTC is still moving in an uptrend. This is a V-wave increase in the Impulse Wave pattern, so we will focus on the five-wave increase and look to join the trend during the correction.

Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.

Elliott Wave Analysis TradingLounge H4 Chart
Bitcoin/ U.S. dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
position: Wave V
Direction Next higher Degrees: wave (III)
Wave Cancel invalid level:
Details: Wave V is Equal to 61.8% of Wave I  through Wave III at 87253  

Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:
BTC is still moving in an uptrend. This is a V-wave increase in the Impulse Wave pattern, so we will focus on the five-wave increase and look to join the trend during the correction.

Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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