Bitcoin/U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 5 September 23
@TradingLounge：
Elliott Wave Analysis TradingLounge Daily Chart, 5 September 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: Details: Five-wave extension of wave C is likely to be below 25361.73. Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The price structure in the downtrend continues. Also, the price is below the MA200. But even so Wave 5 is the last wave in a Motive wave pattern warning before changing the trend, So wait a wave 5 complete to find trade setup. Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, MACD and RSI bearish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 5 September 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: 28635.53 Details: Five-wave extension of wave C is likely to be below 25361.73. Bitcoin/U.S. dollar(BTCUSD)Trading Strategy: The price structure in the downtrend continues. Also, the price is below the MA200. But even so Wave 5 is the last wave in a Motive wave pattern warning before changing the trend, So wait a wave 5 complete to find trade setup. Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, MACD and RSI bearish momentum.
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