BTCUSD 4Hour Crypto Chart 5/7/2023, 18:53:01:07(UTC+7)

Bitcoin / U.S.dollar (BTCUSD)

Elliott Wave Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave Y

Direction Next higher Degrees: wave (2) of Motive

Wave Cancel invalid level: 24770.53

Elliott Wave Forecast

• Wave (2) is likely to end at the level of 29452.19. Five waves of rise from this point will support this idea.

• Be careful, if the price is below 30181.35, it is possible that wave ((2)) is still developing.

.Kittiampom Somboonsod, CEWA