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Elliott Wave Analysis TradingLounge Daily Chart,

Bitcoin/ U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Triangle 

position: Wave ((C))

Direction Next higher Degrees: wave IV

Wave Cancel invalid level: 56581

Details: Movement within the Triangle pattern.

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

Movement within the Triangle pattern of the fourth wave before increasing again in the fifth wave. We are still missing two more moves to complete the pattern, so wait for the correction to complete to rejoin the trend.

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

Elliott Wave Analysis TradingLounge H4 Chart,

Bitcoin/ U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Triangle 

position: Wave ((C))

Direction Next higher Degrees: wave IV

Wave Cancel invalid level: 56581

Details: Movement within the Triangle pattern.

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

Movement within the Triangle pattern of the fourth wave before increasing again in the fifth wave. We are still missing two more moves to complete the pattern, so wait for the correction to complete to rejoin the trend.

Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

Technical Analyst: Kittiampon Somboonsod

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