BTCUSD Elliott Wave Technical Analysis February 17 2023
4Hour
Bitcoin /U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((5))
Direction Next higher Degrees: wave I of Motive
Details:Wave ((5)) is likely to end at 25270, watch out for a retracement in wave II.
Wave Cancel invalid level: 15479
Bitcoin /U.S. dollar (BTCUSD)Trading Strategy: The fifth wave is the last in a series of five waves. Alert before retracement or trend change And the rise in wave ((5)) is likely to end at the level of 25270. Watch out for a retracement in wave II.
Bitcoin /U.S. dollar (BTCUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish
Daily
Bitcoin /U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((5))
Direction Next higher Degrees: wave I of Motive
Details:Wave ((5)) is likely to end at 25270, watch out for a retracement in wave II.
Wave Cancel invalid level: 15479
Bitcoin /U.S. dollar (BTCUSD)Trading Strategy: The fifth wave is the last in a series of five waves. Alert before retracement or trend change And the rise in wave ((5)) is likely to end at the level of 25270. Watch out for a retracement in wave II.
Bitcoin /U.S. dollar (BTCUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are Bullish
