Elliott Wave Analysis TradingLounge Daily Chart, 31 October 23, 
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 I of Impulse 
Wave Cancel invalid level: 
Details: Impulse's five-wave rise.

Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The increase continues the Impulse pattern. We are now in wave 3 position and we are still missing two more moves which would cause The price has a chance to rise above 37380.60.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source : Tradinglounge.com

Elliott Wave Analysis TradingLounge 4H Chart, 31 October 23,  
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 I of Impulse 
Wave Cancel invalid level: 
Details: Wave (3) Equal to 423.6% of Wave (1) at 37380.60

Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The increase continues the Impulse pattern. We are now in wave 3 position and we are still missing two more moves which would cause The price has a chance to rise above 37380.60.

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

​​​​​​​

More By This Author:

Elliott Wave Technical Analysis: Berkshire Hathaway Inc. - Monday, October 30
4 Hour Chart Elliott Wave Technical Analysis: USDJPY - Monday, October 30
Day Chart Elliott Wave Technical Analysis: USDJPY - Monday, October 30