01Apr
BTCUSD Elliott Wave Technical Analysis April 01 2023
BTCUSD Elliott Wave Technical Analysis April 01 2023
4Hour
Bitcoin /U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: wave I of Motive
Details: Wave ((3)) is equal to 1.618 Length of wave ((1))
Wave Cancel invalid level: 19569
Bitcoin /U.S.dollar(BTCUSD)Trading Strategy: Bitcoin is recovering well. And we expect wave II to end at the level of 19559.36. Five rising waves from this point and the price breaking the MA200 line will support this idea. The price is likely to trade above the 40447.97 level in wave III.
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)
BTCUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next higher Degrees: wave (I) of Motive
Details: Wave 3 is equal to 1.618 or 2.618 multiplied Length of wave 1
Wave Cancel invalid level: 15479
Bitcoin /U.S.dollar(BTCUSD)Trading Strategy: Bitcoin is recovering well. And we expect wave II to end at the level of 19559.36. Five rising waves from this point and the price breaking the MA200 line will support this idea. The price is likely to trade above the 35433.38 level in wave III.
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
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