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Elliott Wave Analysis TradingLounge Daily Chart, 11 December 2023Bitcoin/U.S. Dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave((5))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid level:Details: Wave 4 may end and the price entering to wave 5Bitcoin/U.S. Dollar(BTCUSD) Trading Strategy: Bitcoin continues to soar But it is the rise of the fifth wave that will provide early warning of a correction or trend change. and has a chance to reach the level 43719.48, which is equal to 61.8% of the length of wave 1 to wave 3.Bitcoin/U.S. Dollar(BTCUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.Analyst: Kittiampon Somboonsod, CEWAElliott Wave Analysis TradingLounge 4H Chart, 11 December 2023Bitcoin/ U.S. Dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave((5))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid level:Details: Wave 4 may end and the price entering to wave 5Bitcoin/ U.S. Dollar(BTCUSD) Trading Strategy: Bitcoin continues to soar But it is the rise of the fifth wave that will provide early warning of a correction or trend change. and has a chance to reach the level 43719.48, which is equal to 61.8% of the length of wave 1 to wave 3.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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