Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Wednesday, July 17

Image Source: Elliott Wave Analysis TradingLounge Daily ChartBitcoin / U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave (V)Direction Next higher Degrees: wave ((I))Wave Cancel invalid level: Details: The five-wave Increase of Wave (V)Bitcoin / U.S. dollar(BTCUSD)Trading Strategy:
Overall, Bitcoin looks like the correction has ended at the 53,534 level and the price is rising again in a wave (V) likely to rise above 72,660, so look for an opportunity to join the uptrend.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 H4 ChartBitcoin / U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave (3)Direction Next higher Degrees: wave ((I))Wave Cancel invalid level: Details: The five-wave Increase of Wave (3)Bitcoin / U.S. dollar(BTCUSD)Trading Strategy:
Overall, Bitcoin looks like the correction has ended at the 53,534 level and the price is rising again in a wave (V) likely to rise above 72,660, so look for an opportunity to join the uptrend.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.com More By This Author: