24Apr
BTCUSD Elliott Wave Technical Analysis April 25 2023
BTCUSD Elliott Wave Technical Analysis April 25 2023
4Hour
Bitcoin /U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Zigzag
Position: Wave (A)
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: 19559.36
Bitcoin /U.S.dollar(BTCUSD)Trading Strategy: The decline of the first corrective wave extends into five waves in an Expanding Diagonal pattern, leading us to expect a zigzag correction and a short-term pullback of wave (B) and a further decline in zigzag. waves (C)
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: Actionary Corrective (Follow Trend)
Mode: Corrective
Structure: Zigzag
Position: Wave(A)
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: 19559.36
Bitcoin /U.S.dollar(BTCUSD)Trading Strategy: The second wave retracement tends to be .50 or .618 of the first wave length. Therefore, there is an important support level in the area of 25342 - 23990.
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
The Elliott Wave charts by Kittiampon Somboonsod show that THETA Token is expected to retrace in Wav...
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour and Daily - the rise Wave 5 is usually .618 x wa...
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour - Ethereum continues to strengthen in its curren...
Read More >
Bitcoin and Ethereum are in a bullish trend that will continue higher...Bitcoin Elliott Wave Analysi...
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour and Daily - NEO is still under selling pressure ...
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour Binance coin has recovered well from the 220 lev...
Read More >
You need to login in order to comment