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Elliott Wave Analysis TradingLounge Daily Chart, 5 December 2023.

Bitcoin/U.S. Dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave((5))

Direction Next higher Degrees: wave I of Impulse

Wave Cancel invalid level:

Details: Wave 4 may end and the price entering to wave 5

Bitcoin/ U.S. Dollar(BTCUSD)Trading Strategy: Bitcoin continues to soar But it is the rise of the fifth wave that will provide early warning of a correction or trend change. and has a chance to reach the level 43719.48, which is equal to 61.8% of the length of wave 1 to wave 3.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, 5 December 2023.

Bitcoin/ U.S. Dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave((5))

Direction Next higher Degrees: wave I of Impulse

Wave Cancel invalid level:

Details: Wave 4 may end and the price entering to wave 5

Bitcoin/U.S. Dollar(BTCUSD)Trading Strategy: Bitcoin continues to soar But it is the rise of the fifth wave that will provide early warning of a correction or trend change. and has a chance to reach the level 43719.48, which is equal to 61.8% of the length of wave 1 to wave 3.

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

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