15Feb
BTCUSD Elliott Wave Technical Analysis February 15 2023
BTCUSD Elliott Wave Technical Analysis February 15 2023
4Hour
Bitcoin /U.S.dollar(BTCUSD)
Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((5))
Direction Next higher Degrees: wave I of Motive
Details: Wave ((5)) equals wave ((1)) at 24400
Wave Cancel invalid level: 18475
Bitcoin /U.S.dollar(BTCUSD) Trading Strategy: Bitcoin has recovered from the same MA200 level reversing wave 4, making the price more likely to rise in wave 5 that could lead to the 24349 level.
Bitcoin /U.S.dollar(BTCUSD) Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish
Daily
Bitcoin /U.S.dollar(BTCUSD)
Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((5))
Direction Next higher Degrees: wave I of Motive
Details: Wave ((5)) equals wave ((1)) at 24400
Wave Cancel invalid level: 18475
Bitcoin /U.S.dollar(BTCUSD) Trading Strategy: Bitcoin has recovered from the same MA200 level reversing wave 4, making the price more likely to rise in wave 5 that could lead to the 24349 level.
Bitcoin /U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators Below Zero-Line momentum are bearish
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