BTCUSD Elliott Wave Technical Analysis 21 January 2023
4 Hour
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 I of Motive
Details: The gain of wave ((3)) is usually 2 or 2.618 x the length of wave ((1)).
Wave Cancel invalid level: 18475
Bitcoin/U.S.dollar(BTCUSD) Trading Strategy: Bitcoin is still in a strong rising trend. Most recently, the MA200 line clearly shows the upward trend. Which is an increase in IMUPLSE, the third wave of Elliottwave, which is usually equal to 1.618 or 2.618 x, the first wavelength
Bitcoin/U.S.dollar(BTCUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators have hidden bullish divergence the price trend reversal
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 I of Motive
Details: The gain of wave ((3)) is usually 2 or 2.618 x the length of wave ((1)).
Wave Cancel invalid level: 18475
Bitcoin/U.S.dollar(BTCUSD) Trading Strategy: Bitcoin is still in a strong rising trend. Most recently, the MA200 line clearly shows the upward trend. Which is an increase in IMUPLSE, the third wave of Elliottwave, which is usually equal to 1.618 or 2.618 x, the first wavelength
Bitcoin/U.S.dollar(BTCUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators have hidden bullish divergence the price trend reversal
