Cryptocurrency Elliott Wave Blog!
BTC, ETH, BNB, XRP, ADA, DOT, AAVE, LINK, DOGE, XMR, NEO, THETA, TRX, UNI, VET

21Dec

BTCUSD Elliott Wave Technical Analysis 20 December 2022

Crypto_Splash-BTC

BTCUSD Elliott Wave Technical Analysis 20 December 2022

4 Hour

Bitcoin / U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave (B)
Direction Next higher Degrees: wave ((2)) of Motive
Details:  Wave retracement ((2)) is usually equal to .618 or .786 x Wave ((1)).
Wave Cancel invalid level: 15479

Bitcoin / U.S.dollar(BTCUSD) Trading Strategy: BTC BTC is still under selling pressure as it remains below MA200 and MA50 wave oscillator below Zero-Line Momentum is Bearish, if the price drops below 15479 it will lead to a Diagonal pattern. be extra careful

Bitcoin / U.S. dollar (BTCUSD)Technical Indicators: The price is below the MA200 MA50, indicating a downtrend. The wave oscillators above Zero-Line momentum are bearish


Daily

Bitcoin / U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave (B)
Direction Next higher Degrees: wave ((2)) of Motive
Details:  Wave retracement ((2)) is usually equal to .618 or .786 x Wave ((1)).
Wave Cancel invalid level: 15479

Bitcoin / U.S.dollar(BTCUSD) Trading Strategy: BTC BTC is still under selling pressure as it remains below MA200 and MA50 wave oscillator below Zero-Line Momentum is Bearish, if the price drops below 15479 it will lead to a Diagonal pattern. be extra careful

Bitcoin / U.S. dollar (BTCUSD)Technical Indicators: The price is below the MA200 MA50, indicating a downtrend. The wave oscillators above Zero-Line momentum are bearish

 

About the Author

Related

DOTUSD Elliott Wave Technical Analysis February 03 2023

DOTUSD Elliott Wave Technical Analysis February 03 2023

Elliott Wave charts by Kittiampon Somboonsod 4 Hour - The rise of the first wave in an uptrend, upon...

Read More >
XMRUSD Elliott Wave Technical Analysis 30 November 2022

XMRUSD Elliott Wave Technical Analysis 30 November 2022

Elliott Wave charts by Kittiampon Somboonsod 4 Hour and Daily - verall XMR is continuing to rise, bu...

Read More >
Bitcoin Technical Analysis, 1 September 2021

Bitcoin Technical Analysis, 1 September 2021

Bitcoin Overview: 46,500 breach sends Bitcoin lower. Bitcoin Technical Analysis: Major Trading Level...

Read More >
XRPUSD Elliott Wave Technical Analysis April 29 2023

XRPUSD Elliott Wave Technical Analysis April 29 2023

According to Kittiampon Somboonsod's Elliott Wave charts, the XRPUSD correction in the fourth wa...

Read More >
DOTUSD Elliott Wave Technical Analysis April 03 2023

DOTUSD Elliott Wave Technical Analysis April 03 2023

A technical analysis by Kittiampon Somboonsod using Elliott Wave charts predicts a recovery for Polk...

Read More >
VETUSD Elliott Wave Technical Analysis February 04 2023

VETUSD Elliott Wave Technical Analysis February 04 2023

Elliott Wave charts by Kittiampon Somboonsod 4 Hour - Vechain Coin has recovered well from the 0.015...

Read More >
You need to login in order to comment
WHAT YOUR TRIAL INCLUDES
At TradingLounge we offer our Members access to all areas!
  • Our coverage means you get maximum flexibility in your trading options
  • Analysis updates every day Mon-Fri
  • Elliott Wave specialists
  • Discretionary strategies to take away
Our huge range of markets include charts + videos for:
  • Indices – US, Asian + Euro
  • Commodities – Gold, Oil, Silver, Copper, Iron Ore, Lithium, Uranium, Nickel, DXY, Gold, Silver, GDX, Commodity Futures Markets
  • Forex daily – AUDUSD, EURUSD + US Dollar Index
  • Cryptocurrencies - Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Polkadot (DOT), Aave (AAVE), Chainlink (LINK),Dogecoin (DOGE), Monero (XMR), Neo (NEO), Theta (THETA),Tron (TRX), Uniswap (UNI), VeChain token (VET)
Also included so your trading can really improve:

Trading Education

Elliott Wave Course

TradingLevels Course

Social chat with other traders

  • Phone + Email support