Bitcoin / U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 17 January 24

Elliott Wave Analysis TradingLounge Daily Chart, 17 January 24,

Bitcoin / U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave A

Direction Next higher Degrees: wave (IV)

Wave Cancel invalid level: 31046.25

Details: Wave (IV) is equal to 38.2% of Wave III at 39804.05

Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin overall is still in an uptrend. Currently, the price is pulling back short-term in wave (IV) to continue rising again in wave (V), waiting for the correction of wave (IV) to complete to join the trend again, with wave (IV) having a reverse level. At 38.2% of wave (III) @39779.35

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

Source : Tradinglounge.com get trial here!

Elliott Wave Analysis TradingLounge 4H Chart, 17 January 24,

Bitcoin / U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave A

Direction Next higher Degrees: wave (IV)

Wave Cancel invalid level: 31046.25

Details: Wave (IV) is equal to 38.2% of Wave III at 39804.05

Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin overall is still in an uptrend. Currently, the price is pulling back short-term in wave (IV) to continue rising again in wave (V), waiting for the correction of wave (IV) to complete to join the trend again, with wave (IV) having a reverse level. At 38.2% of wave (III) @39779.35

Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators 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

yeppy
01-19
yeppy
Great analysis! 👍

Leave a comment

1

3

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":264010482159648,"tweetId":"264010482159648","gmtCreate":1705461477501,"gmtModify":1705480255679,"author":{"id":4119072940563712,"authorId":4119072940563712,"authorIdStr":"4119072940563712","name":"TradingLounge","avatar":"https://community-static.tradeup.com/news/e3847b140dde3f0115931dbd158233e5","vip":2,"userType":2,"introduction":"GET TRIAL  tradinglounge.com","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/d60ce60f253c52e0844b892862a86fc7","width":"1024","height":"595"},{"img":"https://community-static.tradeup.com/news/03205648c852d562163c154cc0c4f3ce","width":"1024","height":"595"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/d60ce60f253c52e0844b892862a86fc7","width":"1024","height":"595"}],"title":"Bitcoin / U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 17 January 24","html":"<html><head></head><body><p>Elliott Wave Analysis TradingLounge Daily Chart, 17 January 24, </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: Zigzag</p>\n<p>Position: Wave A</p>\n<p>Direction Next higher Degrees: wave (IV)</p>\n<p>Wave Cancel invalid level: 31046.25</p>\n<p>Details: Wave (IV) is equal to 38.2% of Wave III at 39804.05</p>\n<p>Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin overall is still in an uptrend. Currently, the price is pulling back short-term in wave (IV) to continue rising again in wave (V), waiting for the correction of wave (IV) to complete to join the trend again, with wave (IV) having a reverse level. At 38.2% of wave (III) @39779.35</p>\n<p>Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum.</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/d60ce60f253c52e0844b892862a86fc7\" tg-width=\"1024\" tg-height=\"595\"></p>\n<p></p>\n<p></p>\n<p></p>\n<p>Elliott Wave Analysis TradingLounge 4H Chart, 17 January 24, </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: Zigzag</p>\n<p>Position: Wave A</p>\n<p>Direction Next higher Degrees: wave (IV)</p>\n<p>Wave Cancel invalid level: 31046.25</p>\n<p>Details: Wave (IV) is equal to 38.2% of Wave III at 39804.05</p>\n<p>Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin overall is still in an uptrend. Currently, the price is pulling back short-term in wave (IV) to continue rising again in wave (V), waiting for the correction of wave (IV) to complete to join the trend again, with wave (IV) having a reverse level. At 38.2% of wave (III) @39779.35</p>\n<p>Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum.</p>\n<p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/03205648c852d562163c154cc0c4f3ce\" tg-width=\"1024\" tg-height=\"595\"></p>\n<p></p></body></html>","htmlText":"<html><head></head><body><p>Elliott Wave Analysis TradingLounge Daily Chart, 17 January 24, </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: Zigzag</p>\n<p>Position: Wave A</p>\n<p>Direction Next higher Degrees: wave (IV)</p>\n<p>Wave Cancel invalid level: 31046.25</p>\n<p>Details: Wave (IV) is equal to 38.2% of Wave III at 39804.05</p>\n<p>Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin overall is still in an uptrend. Currently, the price is pulling back short-term in wave (IV) to continue rising again in wave (V), waiting for the correction of wave (IV) to complete to join the trend again, with wave (IV) having a reverse level. At 38.2% of wave (III) @39779.35</p>\n<p>Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum.</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/d60ce60f253c52e0844b892862a86fc7\" tg-width=\"1024\" tg-height=\"595\"></p>\n<p></p>\n<p></p>\n<p></p>\n<p>Elliott Wave Analysis TradingLounge 4H Chart, 17 January 24, </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: Zigzag</p>\n<p>Position: Wave A</p>\n<p>Direction Next higher Degrees: wave (IV)</p>\n<p>Wave Cancel invalid level: 31046.25</p>\n<p>Details: Wave (IV) is equal to 38.2% of Wave III at 39804.05</p>\n<p>Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin overall is still in an uptrend. Currently, the price is pulling back short-term in wave (IV) to continue rising again in wave (V), waiting for the correction of wave (IV) to complete to join the trend again, with wave (IV) having a reverse level. At 38.2% of wave (III) @39779.35</p>\n<p>Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum.</p>\n<p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/03205648c852d562163c154cc0c4f3ce\" tg-width=\"1024\" tg-height=\"595\"></p>\n<p></p></body></html>","text":"Elliott Wave Analysis TradingLounge Daily Chart, 17 January 24, Bitcoin / U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave A Direction Next higher Degrees: wave (IV) Wave Cancel invalid level: 31046.25 Details: Wave (IV) is equal to 38.2% of Wave III at 39804.05 Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin overall is still in an uptrend. Currently, the price is pulling back short-term in wave (IV) to continue rising again in wave (V), waiting for the correction of wave (IV) to complete to join the trend again, with wave (IV) having a reverse level. At 38.2% of wave (III) @39779.35 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 Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 17 January 24, Bitcoin / U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave A Direction Next higher Degrees: wave (IV) Wave Cancel invalid level: 31046.25 Details: Wave (IV) is equal to 38.2% of Wave III at 39804.05 Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: Bitcoin overall is still in an uptrend. Currently, the price is pulling back short-term in wave (IV) to continue rising again in wave (V), waiting for the correction of wave (IV) to complete to join the trend again, with wave (IV) having a reverse level. At 38.2% of wave (III) @39779.35 Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum.","highlighted":1,"essential":2,"paper":2,"likeSize":3,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/264010482159648","repostId":0,"isVote":1,"tweetType":1,"viewCount":406,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["BTC","USD","XBTmain","V","III","SAI","BTCmain"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":1472,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":264542742450336,"gmtCreate":1705609856797,"gmtModify":1705911155097,"authorId":3479274800160907,"author":{"id":3479274800160907,"authorId":3479274800160907,"name":"yeppy","avatar":"https://static.laohu8.com/picture153","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":264010482159648,"type":1,"supId":0,"prevId":0,"content":"Great analysis! 👍","text":"Great analysis! 👍","html":"Great analysis! 👍","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/264010482159648"}