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
