01Jul

BTCUSD Elliott Wave Technical Analysis July 01 2023

Crypto_Splash-BTC

BTCUSD Elliott Wave Technical Analysis July 01 2023

4Hour

Bitcoin/U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
Position: Wave Y
Direction Next higher Degrees: wave (2) of Motive
Details: Wave (2) is likely to end at the level of 29452.19 A five-wave rise from this point will support this idea.
Wave Cancel invalid level: 24770.53


Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: Bitcoin continues to trend higher. With the price above the MA200 line and the price structure still in the Impulse Wave pattern in wave ((3)), the overall Bitcoin trend is in a strong uptrend.


Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend MACD and RSI are  bullish momentum


Daily

Bitcoin/U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: wave III  of Motive
Details: Wave 3 is usually equal to 1.618 multiplied Length of wave 1
Wave Cancel invalid level: 24770.53


Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: Bitcoin continues to trend higher. With the price above the MA200 line and the price structure still in the Impulse Wave pattern in wave ((3)), the overall Bitcoin trend is in a strong uptrend.


Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend MACD and RSI are  bullish momentum

 

About the Author

Related

BTCUSD Elliott Wave Technical Analysis May 25 2023

BTCUSD Elliott Wave Technical Analysis May 25 2023

In Kittiampon Somboonsod's recent Elliott Wave analysis, Bitcoin's price movements suggest a...

Read More >
BTCUSD Elliott Wave Technical Analysis June 29 2023

BTCUSD Elliott Wave Technical Analysis June 29 2023

Kittiampon Somboonsod's Elliott Wave analysis on Bitcoin (BTC) indicates that the cryptocurrency...

Read More >
BTCUSD Elliott Wave Technical Analysis June 19 2023

BTCUSD Elliott Wave Technical Analysis June 19 2023

Bitcoin's price is influenced by various factors, including market demand, adoption, regulatory ...

Read More >
BTCUSD Elliott Wave Technical Analysis May 31 2023

BTCUSD Elliott Wave Technical Analysis May 31 2023

Bitcoin (BTC) has shown a promising recovery according to the Elliott Wave analysis by Kittiampon So...

Read More >
BTCUSD Elliott Wave Technical Analysis July 19 2023

BTCUSD Elliott Wave Technical Analysis July 19 2023

Bitcoin (BTC) showed a promising recovery from the 24770.53 level and formed a robust five-wave stru...

Read More >
BTCUSD Elliott Wave Technical Analysis June 17 2023

BTCUSD Elliott Wave Technical Analysis June 17 2023

Renowned analyst Kittiampon Somboonsod provides insightful Bitcoin technical analysis through Elliot...

Read More >

Post a Comment

 
 
WHAT YOUR TRIAL INCLUDES
At TradingLounge we offer our Members access to all areas!
  • Our coverage means you get maximum flexibility in your trading options
  • Analysis updates every day Mon-Fri
  • Elliott Wave specialists
  • Discretionary strategies to take away
Our huge range of markets include charts + videos for:
  • Indices – US, Asian + Euro
  • Commodities – Gold, Oil, Silver, Copper, Iron Ore, Nickel, DXY, GDX, Commoditiy Futures
  • Forex daily – AUDUSD, EURUSD + US Dollar Index
  • Cryptocurrencies - Bitcoin plus
Also included so your trading can really improve:

Trading Education

  • Phone + Email support
Empty
Click + to add content