Bitcoin / U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 29 January 24

Elliott Wave Analysis TradingLounge Daily Chart, 29 January 24,

Bitcoin / U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave B

Direction Next higher Degrees: wave (IV)

Wave Cancel invalid level: 31046.25

Details: Pull-back of Wave B black before decline again in Wave C Black

Bitcoin / U.S. dollar(BTCUSD)Trading Strategy:

The wave (IV) correction in the Zigzag pattern is currently pulling back in wave B before falling again in wave C, so wait for the correction to complete to rejoin the trend in wave (V).

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 4HR Chart, 29 January 24,

Bitcoin / U.S. dollar(BTCUSD)

BTCUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave B

Direction Next higher Degrees: wave (IV)

Wave Cancel invalid level: 31046.25

Details: Wave B Black trend to retest key resistance at 44500 level

Bitcoin / U.S. dollar(BTCUSD)Trading Strategy:

The wave (IV) correction in the Zigzag pattern is currently pulling back in wave B before falling again in wave C, so wait for the correction to complete to rejoin the trend in wave (V).

Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, 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.

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SteveWatson
01-29
SteveWatson
HODL forever! 🚀

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TradingLounge Daily Chart, 29 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 B</p>\n<p>Direction Next higher Degrees: wave (IV)</p>\n<p>Wave Cancel invalid level: 31046.25</p>\n<p>Details: Pull-back of Wave B black before decline again in Wave C Black</p>\n<p>Bitcoin / U.S. dollar(BTCUSD)Trading Strategy:</p>\n<p>The wave (IV) correction in the Zigzag pattern is currently pulling back in wave B before falling again in wave C, so wait for the correction to complete to rejoin the trend in wave (V).</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/6346168efe653b0ead01c945a41f76e6\" tg-width=\"1024\" tg-height=\"595\"></p>\n<p></p>\n<p></p>\n<p></p>\n<p>Elliott Wave Analysis TradingLounge 4HR Chart, 29 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 B</p>\n<p>Direction Next higher Degrees: wave (IV)</p>\n<p>Wave Cancel invalid level: 31046.25</p>\n<p>Details: Wave B Black trend to retest key resistance at 44500 level</p>\n<p>Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: </p>\n<p>The wave (IV) correction in the Zigzag pattern is currently pulling back in wave B before falling again in wave C, so wait for the correction to complete to rejoin the trend in wave (V).</p>\n<p>Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, Wave Oscillators a bullish Momentum.</p>\n<p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8c26d28abd16a56e908529f4c300956c\" tg-width=\"1024\" tg-height=\"595\"></p>\n<p></p></body></html>","htmlText":"<html><head></head><body><p>Elliott Wave Analysis TradingLounge Daily Chart, 29 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 B</p>\n<p>Direction Next higher Degrees: wave (IV)</p>\n<p>Wave Cancel invalid level: 31046.25</p>\n<p>Details: Pull-back of Wave B black before decline again in Wave C Black</p>\n<p>Bitcoin / U.S. dollar(BTCUSD)Trading Strategy:</p>\n<p>The wave (IV) correction in the Zigzag pattern is currently pulling back in wave B before falling again in wave C, so wait for the correction to complete to rejoin the trend in wave (V).</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/6346168efe653b0ead01c945a41f76e6\" tg-width=\"1024\" tg-height=\"595\"></p>\n<p></p>\n<p></p>\n<p></p>\n<p>Elliott Wave Analysis TradingLounge 4HR Chart, 29 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 B</p>\n<p>Direction Next higher Degrees: wave (IV)</p>\n<p>Wave Cancel invalid level: 31046.25</p>\n<p>Details: Wave B Black trend to retest key resistance at 44500 level</p>\n<p>Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: </p>\n<p>The wave (IV) correction in the Zigzag pattern is currently pulling back in wave B before falling again in wave C, so wait for the correction to complete to rejoin the trend in wave (V).</p>\n<p>Bitcoin / U.S. dollar(BTCUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, Wave Oscillators a bullish Momentum.</p>\n<p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8c26d28abd16a56e908529f4c300956c\" tg-width=\"1024\" tg-height=\"595\"></p>\n<p></p></body></html>","text":"Elliott Wave Analysis TradingLounge Daily Chart, 29 January 24, Bitcoin / U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave B Direction Next higher Degrees: wave (IV) Wave Cancel invalid level: 31046.25 Details: Pull-back of Wave B black before decline again in Wave C Black Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: The wave (IV) correction in the Zigzag pattern is currently pulling back in wave B before falling again in wave C, so wait for the correction to complete to rejoin the trend in wave (V). 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 4HR Chart, 29 January 24, Bitcoin / U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave B Direction Next higher Degrees: wave (IV) Wave Cancel invalid level: 31046.25 Details: Wave B Black trend to retest key resistance at 44500 level Bitcoin / U.S. dollar(BTCUSD)Trading Strategy: The wave (IV) correction in the Zigzag pattern is currently pulling back in wave B before falling again in wave C, so wait for the correction to complete to rejoin the trend in wave (V). 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