📈 BTCUSD Chart Analysis & Trade Plan
Instrument: BTCUSD
Trade Setup: Long
Entry Price: $96,900
Take Profit (TP): $103,500
Stop Loss (SL): $93,830
Risk-Reward Ratio (RRR): 2.15
Timeframe Observed: 4H / Daily
Time Horizon: 2–4 days
Strategy Type: Trend Continuation
🔍 Technical Overview
Trend: BTCUSD is exhibiting a bullish continuation pattern, forming higher lows and higher highs on both 4H and Daily charts.
Support Levels:
Primary: $96,500–$96,900 (current entry zone, previous breakout retest zone)
Secondary: $94,800 (key horizontal + Fibonacci retracement support)
Resistance Levels:
Short-term: $100,800
Medium-term: $103,500 (aligned with Gann and Elliott targets)
🌀 Elliott Wave Analysis
Primary Wave Count (4H chart):
BTCUSD appears to be in Wave 3 of (3) of a bullish impulse cycle.
Wave (2) retracement completed near $96,000 with a sharp ABC correction.
Wave (3) projection gives a Fibonacci extension target:
100% of Wave 1 = ~$103,500 — aligning with our TP zone.
Subwaves inside Wave 3:
Wave i and ii completed.
Currently progressing through Wave iii — often the strongest, highest momentum wave.
Implication: If Wave iii holds, BTCUSD could accelerate toward $103,500 within the next 48–72 hours.
📐 W.D. Gann Analysis
Gann Fan (drawn from $60,000 low):
Price has reclaimed the 1x1 line (balance of time and price) around $96,000.
Next resistance lies near the 1x2 Gann angle at ~$103,300–$103,500.
Gann Square of 9 levels:
$96,800 is a key Gann pivot price.
The next natural harmonic level on the Square of 9 lies at $103,500, affirming this zone as a major Gann target.
Implication: Gann time/price analysis supports a rally to $103,500 before the next cycle pause.
📝 Trade Plan Summary
Parameter Value
Entry $96,900
Take Profit $103,500
Stop Loss $93,830
RRR 2.15
Timeframe 2–4 Days
Justification:
Entry aligns with Elliott Wave corrective low (Wave 2).
Gann angle breakout confirms time/price balance in favor of bulls.
Confluence of Fibonacci projections, harmonic levels, and structural support.
⚠️ Risk Notes
If BTCUSD fails to hold above the $96,500–$96,000 zone, reevaluation is needed.
Global macro factors and ETF flows should be monitored, as they could cause volatility.
Instrument: BTCUSD
Trade Setup: Long
Entry Price: $96,900
Take Profit (TP): $103,500
Stop Loss (SL): $93,830
Risk-Reward Ratio (RRR): 2.15
Timeframe Observed: 4H / Daily
Time Horizon: 2–4 days
Strategy Type: Trend Continuation
🔍 Technical Overview
Trend: BTCUSD is exhibiting a bullish continuation pattern, forming higher lows and higher highs on both 4H and Daily charts.
Support Levels:
Primary: $96,500–$96,900 (current entry zone, previous breakout retest zone)
Secondary: $94,800 (key horizontal + Fibonacci retracement support)
Resistance Levels:
Short-term: $100,800
Medium-term: $103,500 (aligned with Gann and Elliott targets)
🌀 Elliott Wave Analysis
Primary Wave Count (4H chart):
BTCUSD appears to be in Wave 3 of (3) of a bullish impulse cycle.
Wave (2) retracement completed near $96,000 with a sharp ABC correction.
Wave (3) projection gives a Fibonacci extension target:
100% of Wave 1 = ~$103,500 — aligning with our TP zone.
Subwaves inside Wave 3:
Wave i and ii completed.
Currently progressing through Wave iii — often the strongest, highest momentum wave.
Implication: If Wave iii holds, BTCUSD could accelerate toward $103,500 within the next 48–72 hours.
📐 W.D. Gann Analysis
Gann Fan (drawn from $60,000 low):
Price has reclaimed the 1x1 line (balance of time and price) around $96,000.
Next resistance lies near the 1x2 Gann angle at ~$103,300–$103,500.
Gann Square of 9 levels:
$96,800 is a key Gann pivot price.
The next natural harmonic level on the Square of 9 lies at $103,500, affirming this zone as a major Gann target.
Implication: Gann time/price analysis supports a rally to $103,500 before the next cycle pause.
📝 Trade Plan Summary
Parameter Value
Entry $96,900
Take Profit $103,500
Stop Loss $93,830
RRR 2.15
Timeframe 2–4 Days
Justification:
Entry aligns with Elliott Wave corrective low (Wave 2).
Gann angle breakout confirms time/price balance in favor of bulls.
Confluence of Fibonacci projections, harmonic levels, and structural support.
⚠️ Risk Notes
If BTCUSD fails to hold above the $96,500–$96,000 zone, reevaluation is needed.
Global macro factors and ETF flows should be monitored, as they could cause volatility.
Note
Adjust your Stop loss if you want or if market demand... Happy Trading!Note
Just try your best to survive from Stop Hunt... Note
📌 Note on Dynamic Market ConditionsDear Traders,
As many of you are aware, the cryptocurrency market — particularly BTCUSD — is inherently dynamic and ever-evolving. Price action is influenced by a wide range of factors, including liquidity shifts, macroeconomic data, order book behavior, institutional flows, and evolving sentiment. Therefore, it's essential to understand that no analysis or trade plan is set in stone.
While I provide a well-reasoned trade setup with clearly defined entries, stop loss, and take profit levels based on current market structure, these parameters are not static. Instead, they are subject to refinement in response to real-time developments.
🔄 Why Adjustments Happen:
Volatility Expansion: Increased volatility may warrant a wider stop loss or an extended profit target.
Structure Shifts: If market structure (e.g., support/resistance or trendline integrity) changes, I recalibrate key levels accordingly.
News Events: Unexpected macroeconomic or geopolitical events can invalidate a previous outlook.
Confirmation Logic: Sometimes I wait for candlestick confirmations or trend continuations to adjust SL/TP zones for better probability setups.
🛠️ Adaptive Risk Management
Adjusting stop loss and take profit is not a sign of weakness or inconsistency — it's a sign of strategic adaptability. Preserving capital and capturing optimal reward-to-risk scenarios requires an active approach. I always prioritize:
Minimizing drawdown
Maximizing favorable risk-reward opportunities
Responding in sync with current momentum and market psychology
Rest assured, every modification I make is grounded in objective market behavior, not emotional reaction. All updates are transparently communicated to help you understand the evolving rationale.
Stay flexible. Stay informed. Stay profitable.
— NextElliott
Note
Expecting price reversal for Btc soon.. After few hours. Present price 93800Trade closed: target reached
Target 103500 achieved ...Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.