Bitcoin/U.S.dollar(BTCUSD) BTCUSD 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: 24770.53
Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: BTC recovered well from the 24770.53 level and was able to form a strong five-wave structure, giving BTC the opportunity to form a new uptrend. Still, the price remains in the correction of wave (2), so wait for the reversal of wave (2) to complete to join the trend again.n.
Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillator are bullish momentum
Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: BTC recovered well from the 24770.53 level and was able to form a strong five-wave structure, giving BTC the opportunity to form a new uptrend. Still, the price remains in the correction of wave (2), so wait for the reversal of wave (2) to complete to join the trend again.
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