Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Wednesday, Nov 27

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.Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:
Bitcoin remains in an uptrend, with an impulsive rally. We are now in the fifth wave, which is incomplete. So the price is likely to continue to rise. Look for a rebound from 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 4hr ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave (3)Direction Next higher Degrees: wave ((3))Wave Cancel invalid level:Details: The five-wave rise of wave (3).Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:
Bitcoin remains in an uptrend, with an impulsive rally. We are now in the fifth wave, which is incomplete. So the price is likely to continue to rise. Look for a rebound from 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.comMore By This Author: