13May
BTCUSD Elliott Wave Technical Analysis May 13 2023
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
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