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

13May

BTCUSD Elliott Wave Technical Analysis May 13 2023

Crypto_Splash-BTC

BTCUSD Elliott Wave Technical Analysis May 13 2023

4Hour

Bitcoin/U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Zigzag
Position: Wave(C)
Direction Next higher Degrees: wave ((2)) of Motive
Details: It is possible that wave ((2)) may have ended at the level of 25830.60. And breaking the level 28338.31 will support this idea.
Wave Cancel invalid level: 19559.36


Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: It is possible that wave ((2)) may have ended at the level of 25830.60. And breaking the level 28338.31 will support this idea. But even so, the price is still in a downtrend. Trading still needs to be done carefully.


Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are  Bearish momentum


Daily

Bitcoin/U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Zigzag
Position: Wave(B)
Direction Next higher Degrees: wave ((2)) of Motive
Details: It is possible that wave ((2)) may have ended at the level of 25830.60. And breaking the level 28338.31 will support this idea.
Wave Cancel invalid level: 19559.36


Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: It is possible that wave ((2)) may have ended at the level of 25830.60. And breaking the level 28338.31 will support this idea. But even so, the price is still in a downtrend. Trading still needs to be done carefully.


Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are  Bearish momentum

About the Author

Related

NEOUSD Elliott Wave Technical Analysis 20 December 2022

NEOUSD Elliott Wave Technical Analysis 20 December 2022

Elliott Wave charts by Kittiampon Somboonsod 4 Hour and Daily - NEO is still under selling pressure ...

Read More >
How Many Bitcoin Market Crashes Can You HODL? 27 Feb 2021

How Many Bitcoin Market Crashes Can You HODL? 27 Feb 2021

Will I trust the Dollar or Bitcoin? What am I going to do with my 100k Bitcoin position in this Curr...

Read More >
DOGEUSD Elliott Wave Technical Analysis February 14 2023

DOGEUSD Elliott Wave Technical Analysis February 14 2023

Technical analyst Kittiampon Somboonsod's Elliott Wave charts suggest that Dogecoin (DOGE) is st...

Read More >
Bitcoin, Crypto Index, BTC, ETH, DOT, ADA, AAVE, GRT Elliott Wave Analysis 15 Feb

Bitcoin, Crypto Index, BTC, ETH, DOT, ADA, AAVE, GRT Elliott Wave Analysis 15 Feb

Overview: Bitcoin Bullish to 50,000. And I compare the wave structure of The Crypto Index to Bitcoin...

Read More >
NEOUSD Elliott Wave Technical Analysis 02 February 2023

NEOUSD Elliott Wave Technical Analysis 02 February 2023

Elliott Wave charts by Kittiampon Somboonsod 4 Hour - Neo Coin is in Impulse Wave structure, in an ...

Read More >
BNBUSD Elliott Wave Technical Analysis 17 January 2023

BNBUSD Elliott Wave Technical Analysis 17 January 2023

Elliott Wave charts by Kittiampon Somboonsod 4 Hour - Binance coin recovered well from the 220 level...

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