Wave Technical Analysis: Bitcoin Crypto Price News For Tuesday, Nov 19

Image Source: Elliott Wave Analysis TradingLounge Daily ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave VDirection Next higher Degrees: wave (I)Wave Cancel invalid level:Details: The five-wave rise of wave V is likely equivalent to wave I at the 98360 level.
Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: 
The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 3 and the price action remains in an uptrend. We are looking for a re-entry into the trend.
Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bullish Momentum.
Elliott Wave Analysis TradingLounge 4hr ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave ((iv))Direction Next higher Degrees: wave 3Wave Cancel invalid level:Details: Wave IV correction before another rise in wave V.
Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:
The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 3 and the price action remains in an uptrend. We are looking for a re-entry into the trend.
Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bullish Momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.comMore By This Author: