Bitcoin(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((1))
Direction Next higher Degrees:
Details: The previous 5 wave is likely to end. And the price is rising again in an uptrend. but must not descend below 15784
Wave Cancel invalid level: 15784
Bitcoin(BTCUSD) Trading Strategy: Bitcoin price continues to be heavily pressured by selling pressure. The price is below the MA200 MA50 indicating a clear downtrend. The wave oscillator is below the zero line with downward momentum. But even then, the price started a bull rally at the 18150 level, so as a whole, Bitcoin is likely to reverse its uptrend again and the price is likely to trade above the 21437 level, but not below the 15784 level.
Bitcoin(BTCUSD) Technical Indicators: The price is below the MA200 MA50, indicating a clear downtrend. The Wave oscillator is below the Zero-Line is a bearish momentum
BTCUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((1))
Direction Next higher Degrees:
Details: The previous 5 wave is likely to end. And the price is rising again in an uptrend. but must not descend below 15784
Wave Cancel invalid level: 15784
Bitcoin(BTCUSD) Trading Strategy: Bitcoin price continues to be heavily pressured by selling pressure. The price is below the MA200 MA50 indicating a clear downtrend. The wave oscillator is below the zero line with downward momentum. But even then, the price started a bull rally at the 18150 level, so as a whole, Bitcoin is likely to reverse its uptrend again and the price is likely to trade above the 21437 level, but not below the 15784 level.
Bitcoin(BTCUSD) Technical Indicators: The price is below the MA200 MA50, indicating a clear downtrend. The Wave oscillator is below the Zero-Line is a bearish momentum
