BTC-USDT | 1W Chart Elliott Wave Projection
BTCUSDT | Weekly Chart | Elliott Wave Theory & Key Zones 🚀
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Analysis Overview 🔎
Bitcoin (BTC) is forming a **classic Elliott Wave structure** on the **1W timeframe**, signaling a potential long-term bullish move. Here's the breakdown:
1️⃣. Current Structure:
- Wave (3) peaked at ~$107,000, showing strong momentum.
- Wave (4) correction is expected to retrace toward the $95,000 - $97,000 support zone.
- This aligns with the *Fib retracement levels* and prior consolidation zones.
2️⃣. Projection 🎯
- Wave (5) could target *$120,000 - $130,000* if BTC rebounds from the highlighted correction zone.
- The upper yellow trendline supports this bullish trajectory.
3️⃣. Key Levels 🗺️
- Support (Wave 4): $95,000 - $98,000 (purple zone).
- Target (Wave 5): $118,000 - $121,000.
4️⃣. Technical Indicators 📈
- Price remains inside a strong *ascending channel*.
- Volume and momentum need confirmation upon correction.
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Trading Plan 📈
- Entry: Wait for price stabilization in the $95,000 - $98,000 zone.
- Stop-Loss: Below $90,000 (invalidating the bullish structure).
- Take-Profit: Gradually scale out between $118,000 and $121,000.
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⚠️ Note: Always monitor volume, confirmation, and overall market conditions for risk management.
⚠️Disclaimer: This is not financial advice. Trade at your own risk and perform your own analysis before entering any positions.
#Bitcoin #BTC #Crypto #ElliottWave #TradingIdeas #TechnicalAnalysis** 🚀
---
Analysis Overview 🔎
Bitcoin (BTC) is forming a **classic Elliott Wave structure** on the **1W timeframe**, signaling a potential long-term bullish move. Here's the breakdown:
1️⃣. Current Structure:
- Wave (3) peaked at ~$107,000, showing strong momentum.
- Wave (4) correction is expected to retrace toward the $95,000 - $97,000 support zone.
- This aligns with the *Fib retracement levels* and prior consolidation zones.
2️⃣. Projection 🎯
- Wave (5) could target *$120,000 - $130,000* if BTC rebounds from the highlighted correction zone.
- The upper yellow trendline supports this bullish trajectory.
3️⃣. Key Levels 🗺️
- Support (Wave 4): $95,000 - $98,000 (purple zone).
- Target (Wave 5): $118,000 - $121,000.
4️⃣. Technical Indicators 📈
- Price remains inside a strong *ascending channel*.
- Volume and momentum need confirmation upon correction.
---
Trading Plan 📈
- Entry: Wait for price stabilization in the $95,000 - $98,000 zone.
- Stop-Loss: Below $90,000 (invalidating the bullish structure).
- Take-Profit: Gradually scale out between $118,000 and $121,000.
---
⚠️ Note: Always monitor volume, confirmation, and overall market conditions for risk management.
⚠️Disclaimer: This is not financial advice. Trade at your own risk and perform your own analysis before entering any positions.
#Bitcoin #BTC #Crypto #ElliottWave #TradingIdeas #TechnicalAnalysis** 🚀
Trade active
- Support (Wave 4): $95,000 - $98,000 (purple zone).
- Target (Wave 5): $111,000 - $115,000.
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.