Elliott Wave Analysis TradingLounge Daily Chart, 19 June 23, 
Bitcoin/US Dollar (BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Reactionary (Counter Trend)
Mode: Corrective
Structure: Double Corrective
Position: Wave (Y)
Direction Next higher Degrees: wave ((2)) of Motive
Details: Wave ((2)) is likely to end at the level of 24770.53 A five-wave rise from this point will support this idea.
Wave Cancel invalid level: 19559.36

Bitcoin/US Dollar (BTCUSD) Trading Strategy: Bitcoin is likely to end Wave ((2)) at the 24770.53 level, which is enough to reverse Wave((2)) in line with a healthy rebound from the MA200 level, giving us a five-wave movement. to support this idea And it could be the start of a new uptrend.

Bitcoin/US Dollar (BTCUSD )Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bearish momentum.

(Click on image to enlarge)
 

Elliott Wave Analysis TradingLounge 4H Chart, 19 June 23, 
Bitcoin/US Dollar (BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Reactionary (Counter Trend)
Mode: Corrective
Structure: Double Corrective
Position: Wave (Y)
Direction Next higher Degrees: wave ((2)) of Motive
Details: Wave ((2)) is likely to end at the level of 24770.53. A five-wave rise from this point will support this idea.
Wave Cancel invalid level: 24770.53

Bitcoin/US Dollar (BTCUSD) Trading Strategy: Bitcoin is likely to end Wave ((2)) at the level of 24770.53, which is enough to reverse Wave ((2)) in line with a retest of the MA200 line. This makes us expect a five-wave movement. To support this idea And it could be the start of a new uptrend.

Bitcoin/US Dollar (BTCUSD)Technical Indicators: The price is below the MA200, indicating a Downtrend, Wave Oscillator has a Bullish momentum.

(Click on image to enlarge)

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