06Mar
BTCUSD Elliott Wave Technical Analysis March 07 2023
BTCUSD Elliott Wave Technical Analysis March 07 2023
4Hour
Bitcoin/U.S.dollar(BTCUSD)
LINKUSD 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: 5.386
Bitcoin/U.S. dollar (BTCUSD)Trading Strategy: Bitcoin is likely to end at 25270 as the price breaks the lower parallel channel. support this idea This led us to expect a reversal in the second wave. Usually reversed 50 or 61.8 of the first wave. So wait for the second wave to finish to join the trend again.
Bitcoin/U.S. dollar (BTCUSD)Technical Indicators: The price is below the MA200 indicating a DownTrend. The wave oscillators below Zero-Line momentum are bearish
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)) tends to end at 25270 and the break of the parallel channel below. support this idea
Wave Cancel invalid level: 15479
Bitcoin/U.S. dollar (BTCUSD)Trading Strategy: Bitcoin is likely to end at 25270 as the price breaks the lower parallel channel. support this idea This led us to expect a reversal in the second wave. Usually reversed 50 or 61.8 of the first wave. So wait for the second wave to finish to join the trend again.
Bitcoin/U.S. dollar (BTCUSD)Technical Indicators: The price is above the MA200 indicating an upTrend. The wave oscillators below Zero-Line momentum are bearish
About the Author
Related
Technical analyst Kittiampon Somboonsod has made a Dogecoin prediction based on Elliott Wave charts....
Read More >
Binance Coin (BNB) is showing promising signs of recovery according to Kittiampon Somboonsod's E...
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour - Ethereum continues to gain strength in an impu...
Read More >
This article provides technical analysis for NEOUSD cryptocurrency using Elliott Wave charts created...
Read More >
ETHUSD 4hour Chart, Tuesday 1 June 2021,15:27(UTC+1) - Corrective wave Type Zigzag,Wave (C) process....
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour - The Bitcoin price recovery is still doing well...
Read More >
You need to login in order to comment