BTCUSD Elliott Wave Technical Analysis 09 November 2022
4 Hour
Bitcoin(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((5))
Direction Next higher Degrees: Sub-wave of Wave C
Details: decrease again in wave 5 but must not fall below 13880.
Wave Cancel invalid level: 13880.
Bitcoin(BTCUSD) Trading Strategy: The price is still in control of the bear market. But it's the last stage in the fifth wave, which is likely to reverse soon. Look for an opportunity to open a long position, but the price must not fall below 13880.
Bitcoin(BTCUSD)Technical Indicators: MACD and MACD Histogram below Zero-Line the price has bearish momentum
Daily
Bitcoin(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((5))
Direction Next higher Degrees: Sub-wave of Wave C
Details: decrease again in wave 5 but must not fall below 13880.
Wave Cancel invalid level: 13880.
Bitcoin(BTCUSD) Trading Strategy: The price is still in control of the bear market. But it's the last stage in the fifth wave, which is likely to reverse soon. Look for an opportunity to open a long position, but the price must not fall below 13880.
Bitcoin(BTCUSD) Technical Indicators: MACD has a bullish divergence price have the opportunity to reverse, MACD Histogram below Zero-Line the price has bearish momentum
