11Jun

BTCUSD Elliott Wave Technical Analysis June 11 2023

Crypto_Splash-BTC

BTCUSD Elliott Wave Technical Analysis June 11 2023

4Hour

Bitcoin/U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double Corrective
Position: Wave(Y)
Direction Next higher Degrees: wave ((2)) of Motive
Details: Wave C is equal to Wave A at 24805
Wave Cancel invalid level:


Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: The correction of wave C in a double corrective pattern remains unfinished. And still has a downward trend and Wave C is equal to wave A at 24805
.
Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is below the MA200 indicating a Down trend, Wave Oscillator has a Bullish momentum


Daily

Bitcoin/U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double Corrective
Position: Wave(Y)
Direction Next higher Degrees: wave ((2)) of Motive
Details: Wave C is equal to Wave A at 24805
Wave Cancel invalid level:


Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: The correction of wave C in a double corrective pattern remains unfinished. And still has a downward trend and Wave C is equal to wave A at 24805


Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum

 

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