Elliott Wave Technical Analysis: Bitcoin Crypto Price News Today - Thursday, June 13

Four Assorted Cryptocurrency Coins

Image Source: Pexels
 

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: The price is likely to increase above the level of 73,660.
Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:
A five-wave increase in the Impulse pattern, with the fourth wave appearing to be complete. And the price rose again during the fifth wave. The overall picture therefore increased again, above the level of 73,660.
Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is below the MA200 indicating an Uptrend, The Wave Oscillator is a 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: The price is likely to increase above the level of 73,660.
Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:
A five-wave increase in the Impulse pattern, with the fourth wave appearing to be complete. And the price rose again during the fifth wave. The overall picture therefore increased again, above the level of 73,660.
Monero/ U.S. dollar(XMRUSD)Technical Indicators: The price is below the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

Crypto24(1).thumb.png.efde5dcbf093da39cd6ced8fd7848203.png

 

Crypto24.thumb.png.7371395a9c07d1433577464bba0db273.png

Technical Analyst: Kittiampon Somboonsod


More By This Author:

Elliott Wave Technical Analysis: Silver - Wednesday, June 12
Elliott Wave Technical Analysis: Qualcomm Inc.
Unlocking ASX Trading Success: V300AEQ ETF Units - Wednesday, June 12

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with