Bitcoin / U.S. dollar (BTCUSD)

BTCUSD Elliott Wave Technical Analysis - Daily Chart

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (V)

Direction Next higher Degrees: wave ((I))

Wave Cancel invalid level: 

Details: The five-wave Increase of Wave (V)

BTCUSD Trading Strategy: Overall, Bitcoin looks like the correction has ended at the 53,534 level and the price is rising again in a wave (V) likely to rise above 72,660, so look for an opportunity to join the uptrend.

BTCUSD Technical Indicators: The price is above the MA200 indicating an Uptrend. The Wave Oscillator is a Bullish Momentum.

Bitcoin / U.S. dollar (BTCUSD)

BTCUSD Elliott Wave Technical Analysis - 4H Chart

Function: Counter Trend

Mode: Corrective 

Structure: Zigzag

Position: Wave A

Direction Next higher Degrees: Wave V of Impulse

Wave Cancel invalid Level:

Details: wave ((2)) Is Equal to 61.8% of Wave ((1)) at 0.1373.

BTCUSD Trading Strategy: Overall, Bitcoin looks like the correction has ended at the 53,534 level and the price is rising again in a wave (V) likely to rise above 72,660, so look for an opportunity to join the uptrend.

BTCUSD Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

Technical Analyst : Kittiampon Somboonsod

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