01May
BTCUSD Elliott Wave Technical Analysis May 01 2023
BTCUSD Elliott Wave Technical Analysis May 01 2023
4Hour
Bitcoin /U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Zigzag
Position: Wave(B)
Direction Next higher Degrees: wave ((2)) of Motive
Details: There is still a risk of further decline from wave C correction.
Wave Cancel invalid level: 19559.36
Bitcoin /U.S. dollar (BTCUSD)Trading Strategy: There is further downside risk from wave C correction and this is in line with the Bearish Divergence signal, which keeps the overall picture in a short-term downtrend. Wait for the correction to complete to join the trend again.
Bitcoin /U.S.dollar(BTCUSD) Technical Indicators: The price is above the MA200 indicating an Uptrend MACD and RSI has Momentum Bullish
Daily
Bitcoin /U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Zigzag
Position: Wave(B)
Direction Next higher Degrees: wave ((2)) of Motive
Details: There is still a risk of further decline from wave C correction.
Wave Cancel invalid level: 19559.36
Bitcoin /U.S. dollar (BTCUSD)Trading Strategy: There is further downside risk from wave C correction and this is in line with the Bearish Divergence signal, which keeps the overall picture in a short-term downtrend. Wait for the correction to complete to join the trend again.
Bitcoin /U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend MACD and RSI has Bearish Divergence Price trend reversal
About the Author
Related
Elliott Wave charts by Kittiampon Somboonsod 4 Hour - Wave 4 may end and the price tends to rise on ...
Read More >
Overview: the move lower from 40,000 is bullish corrective and I took the opportunity to add to my p...
Read More >
According to Kittiampon Somboonsod's Elliott Wave charts for Ethereum (ETH), Wave ((5)) is expec...
Read More >
Overview: Bitcoin and Ethereum are in a bullish trend that will continue higher...Bitcoin Elliott Wa...
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour - Ethereum continues to strengthen in its curren...
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour - The price is likely to trade below 0.069 as th...
Read More >
You need to login in order to comment