Elliott Wave Technical Analysis: BTCUSD - Wednesday, February 21

gold-colored Bitcoin

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Elliott Wave Analysis TradingLounge Daily Chart, 21 February 24,

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 increase in wave (III) precedes the correction in wave ((IV)) and is at the end of the increase, so watch out for a correction that will occur soon.

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

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

Elliott Wave Analysis TradingLounge 4Hr Chart, 21 February 24,

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 increase in wave (III) precedes the correction in wave ((IV)) and is at the end of the increase, so watch out for a correction that will occur soon.

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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