BTCUSD Elliott Wave Technical Analysis 27 January 2023
4Hour
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: Wave ((3)) may end and the price throwback in wave ((4))
Wave Cancel invalid level: 18475
Bitcoin/U.S.dollar(BTCUSD) Trading Strategy: Still in a strong uptrend The price moved above the MA200 MA50, but even then it looks like wave ((3)) has moved towards the price target, and wave oscillators are signaling a slowdown. Therefore, the price tends to reverse in wave ((4)) before rising again in wave ((5)), watch out for retracement.
Bitcoin/U.S.dollar(BTCUSD) Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators above Zero-Line 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 I of Motive
Details: Wave ((3)) may end and the price throwback in wave ((4))
Wave Cancel invalid level: 18475
Bitcoin/U.S.dollar(BTCUSD) Trading Strategy: Bitcoin Remains in a Strong Uptrend The price moves above the MA200 MA50 and the momentum continues to rise. make the overall picture remain positive But still, wave ((3)) seems to have moved towards the price target. Therefore, the price tends to reverse in wave ((4)) before rising again in wave ((5)), watch out for retracement.
Bitcoin/U.S.dollar(BTCUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators above Zero-Line Bullish momentum
