Bitcoin(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave 1 Direction Next higher Degrees: Wave 1 of Motive Details: Sub-wave 1 of wave 3 and Once complete, the price will drop again in wave 2. Wave Cancel invalid level: 16017
Bitcoin(BTCUSD) Trading Strategy: The Bitcoin price recovery is still doing well, but it needs to be watched carefully as The price is rising to test the key resistance at the MA200, and the Wave oscillator also shows a slowdown. If the price does not pass the resistance test, the price is likely to correct again in wave 2 Sub-wave of wave (3).
Bitcoin(BTCUSD) Technical Indicators: The wave oscillator also shows a slowdown Buying pressure is exerted and the price may correct again.