Elliott Wave Technical Analysis: BTCUSD - Wednesday, Nov. 1
Elliott Wave Analysis TradingLounge Daily Chart, 1 November 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, 1 November 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:
COMMODITIES: Bitcoin, Bonds, DXY, Gold, Silver, Iron Ore, Copper, Uranium, Oil, Gas, Elliott Wave
4 Hour Chart Elliott Wave Technical Analysis: USDCHF - Tuesday, October 31
Elliott Wave Technical Analysis: Analog Devices - Tuesday, October 31
Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817