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 ((2)) of Motive Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1)) Wave Cancel invalid level: 24770.53
Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: Bitcoin has recovered well from the 24770.53 level and was able to form a strong five-wave structure, giving Bitcoin the opportunity to form a new uptrend. Still, the price remains in the correction of wave (2), so wait for the reversal of wave (2) to complete to join the trend again, as wave (2) tends to support .50 level. or .618 x Length wave ((1))
Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillator are bullish momentum
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