Bitcoin/U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 3 October 23

Elliott Wave Analysis TradingLounge Daily Chart, 3 October 23,

Bitcoin/U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave((C))

Direction Next higher Degrees: wave II of Motive

Wave Cancel invalid level: 28635

Details: Wave ((C)) trend move to 138.2% of Wave ((A)) at 23214.83

Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The violent increase from Level 26026 destroyed the Triangle Formation, but even so, the W.C.Invalid Level was not destroyed. We are still looking for a wave 5 decline.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source : Tradinglounge.com get trial here!

Elliott Wave Analysis TradingLounge 4H Chart, 3 October 23,

Bitcoin/U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave 4

Direction Next higher Degrees: wave ((C)) of Flat

Wave Cancel invalid level: 28635

Details: the increase in wave 4 before decline in wave 5

Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The violent increase from Level 26026 destroyed the Triangle Formation, but even so, the W.C.Invalid Level was not destroyed. We are still looking for a wave 5 decline.

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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Gigibum
2023-10-05
Gigibum
Great ariticle, would you like to share it?
Sheepysheep
2023-10-05
Sheepysheep
Great ariticle, would you like to share it?
Tangan
2023-10-04
Tangan
Thanks
KSR
2023-10-04
KSR
👍

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We are still looking for a wave 5 decline.</p>\n<p>Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish divergence.</p>\n<p>TradingLounge Analyst: Kittiampon Somboonsod, CEWA</p>\n<p>Source : Tradinglounge.com get trial here!</p>\n<p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1420fc8098b1d82841f83cc98ada7b81\" tg-width=\"1027\" tg-height=\"576\"></p>\n<p></p>\n<p></p>\n<p></p>\n<p>Elliott Wave Analysis TradingLounge 4H Chart, 3 October 23, </p>\n<p>Bitcoin/U.S. dollar(BTCUSD)</p>\n<p>BTCUSD Elliott Wave Technical Analysis</p>\n<p>Function: Counter Trend</p>\n<p>Mode: Corrective</p>\n<p>Structure: Double Corrective</p>\n<p>Position: Wave 4</p>\n<p>Direction Next higher Degrees: wave ((C)) of Flat</p>\n<p>Wave Cancel invalid level: 28635</p>\n<p>Details: the increase in wave 4 before decline in wave 5</p>\n<p>Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The violent increase from Level 26026 destroyed the Triangle Formation, but even so, the W.C.Invalid Level was not destroyed. We are still looking for a wave 5 decline.</p>\n<p>Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish momentum.</p>\n<p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ece4beff56c0f84bd6e60869d58bbe8c\" tg-width=\"1027\" tg-height=\"576\"></p>\n<p></p></body></html>","htmlText":"<html><head></head><body><p>Elliott Wave Analysis TradingLounge Daily Chart, 3 October 23, </p>\n<p>Bitcoin/U.S. dollar(BTCUSD)</p>\n<p>BTCUSD Elliott Wave Technical Analysis</p>\n<p>Function: Counter Trend</p>\n<p>Mode: Corrective</p>\n<p>Structure: Flat</p>\n<p>Position: Wave((C))</p>\n<p>Direction Next higher Degrees: wave II of Motive</p>\n<p>Wave Cancel invalid level: 28635</p>\n<p>Details: Wave ((C)) trend move to 138.2% of Wave ((A)) at 23214.83</p>\n<p>Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The violent increase from Level 26026 destroyed the Triangle Formation, but even so, the W.C.Invalid Level was not destroyed. We are still looking for a wave 5 decline.</p>\n<p>Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish divergence.</p>\n<p>TradingLounge Analyst: Kittiampon Somboonsod, CEWA</p>\n<p>Source : Tradinglounge.com get trial here!</p>\n<p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1420fc8098b1d82841f83cc98ada7b81\" tg-width=\"1027\" tg-height=\"576\"></p>\n<p></p>\n<p></p>\n<p></p>\n<p>Elliott Wave Analysis TradingLounge 4H Chart, 3 October 23, </p>\n<p>Bitcoin/U.S. dollar(BTCUSD)</p>\n<p>BTCUSD Elliott Wave Technical Analysis</p>\n<p>Function: Counter Trend</p>\n<p>Mode: Corrective</p>\n<p>Structure: Double Corrective</p>\n<p>Position: Wave 4</p>\n<p>Direction Next higher Degrees: wave ((C)) of Flat</p>\n<p>Wave Cancel invalid level: 28635</p>\n<p>Details: the increase in wave 4 before decline in wave 5</p>\n<p>Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The violent increase from Level 26026 destroyed the Triangle Formation, but even so, the W.C.Invalid Level was not destroyed. We are still looking for a wave 5 decline.</p>\n<p>Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish momentum.</p>\n<p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ece4beff56c0f84bd6e60869d58bbe8c\" tg-width=\"1027\" tg-height=\"576\"></p>\n<p></p></body></html>","text":"Elliott Wave Analysis TradingLounge Daily Chart, 3 October 23, Bitcoin/U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat Position: Wave((C)) Direction Next higher Degrees: wave II of Motive Wave Cancel invalid level: 28635 Details: Wave ((C)) trend move to 138.2% of Wave ((A)) at 23214.83 Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The violent increase from Level 26026 destroyed the Triangle Formation, but even so, the W.C.Invalid Level was not destroyed. We are still looking for a wave 5 decline. Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish divergence. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 3 October 23, Bitcoin/U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Double Corrective Position: Wave 4 Direction Next higher Degrees: wave ((C)) of Flat Wave Cancel invalid level: 28635 Details: the increase in wave 4 before decline in wave 5 Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The violent increase from Level 26026 destroyed the Triangle Formation, but even so, the W.C.Invalid Level was not destroyed. We are still looking for a wave 5 decline. 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