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Elliott Wave Analysis TradingLounge Daily Chart, 27 February 2024.

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: 31046.25

Details: the Five-wave increase in wave (III)

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

The five-wave rally of Wave(III), which we are currently in Wave V, a sub-wave of Wave(III), is likely to test the 59456 level before another correction. The overall picture is still in an upward trend, but it is at the end of the trend.

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

Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4Hr Chart, 27 February 2024.

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: 31046.25

Details: the Five-wave increase in wave V

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

The five-wave rally of Wave(III), which we are currently in Wave V, a sub-wave of Wave(III), is likely to test the 59456 level before another correction. The overall picture is still in an upward trend, but it is at the end of the trend.

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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