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Elliott Wave Analysis TradingLounge Daily Chart, 11 April 2023.
Bitcoin /U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next higher Degrees: wave (I) of Motive
Details: Wave 3 is equal to 1.618 or 2.618 multiplied  Length of wave 1
Wave Cancel invalid level: 15479

Bitcoin /U.S. Dollar (BTCUSD) Trading Strategy: Bitcoin Remains in a Strong Uptrend It was able to keep above the MA200 and MA50 lines and also managed to break through the upper parallel channel. Thus, the view remains a steady rise of wave ((3)) that tends to be 1.618 or 2.618 times the length of wave ((1)) at levels 35433 and 45222.

Bitcoin /U.S. Dollar (BTCUSD) Technical Indicators: The price is above the MA200 indicating an uptrend The wave oscillators above Zero-Line momentum are bullish.

Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, 11 April 2023.
Bitcoin /U.S. Dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave (3)
Direction Next higher Degrees: wave ((3)) of Motive
Details: Wave (3) is equal to 1.618 Length of wave (1)
Wave Cancel invalid level: 27824.73

Bitcoin /U.S. Dollar(BTCUSD) Trading Strategy: Bitcoin Remains in a Strong Uptrend It was able to keep above the MA200 and MA50 lines, the view remains a steady rise of wave ((3)) that tends to be 1.618 times the length of wave ((1)) at levels 31503

Bitcoin /U.S. Dollar (BTCUSD) Technical Indicators: The price is above the MA200 indicating an uptrend The wave oscillators above Zero-Line momentum are bullish.

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