#BTCUSDT - UniverseMetta - Analysis
📆 W1 (Weekly Timeframe)
🔹 Will the 5th wave formation come to an end soon?
🔹 Best to wait for a confirmed bottom fractal — price action will become clearer by the end of this week.
🔹 If a fractal forms, then:
• Watch for a breakout and close above the channel
• Look for entry opportunities into the next bullish impulse
🎯 Potential upside targets: $91,500 – $112,200
📉 D1 (Daily Timeframe)
🔹 Price is testing the upper boundary of a narrowing channel
🔹 To confirm a short-term reversal, it's ideal to wait for a top fractal
🔹 From the last impulse, there’s a correction opportunity toward:
• $81,700 – $77,320 (40–80% retracement)
⚠️ Avoid increasing position size / exposure
🔁 Upon reaching the support zone — watch for bullish entries
⏳ H4 (4-Hour Timeframe)
🔹 Potential beginning of a 3rd wave down from the upper channel
🔹 A short setup could be valid if the 1st wave low is broken
🔹 Stop loss should be placed above the high of wave 1 or above the channel level
🎯 Short-term targets: 61% – 23% Fibonacci levels from the last bullish impulse
📈 Trade Setup (H4 idea):
Entry: 84,154.92 – *82,895.64
Take Profits (TP):
1. 81,702.63
2. 80,399.17
3. 79,029.42
4. 77,328.29
Stop Loss: 86,209.53
📌 Conclusion:
BTCUSDT is in a critical zone — potentially ending its 5th wave on the weekly chart.
The key is to wait for confirmation via fractals (bottom on W1, top on D1).
Meanwhile, H4 offers a chance to engage in a controlled short setup, with tight risk and clear invalidation.
📆 W1 (Weekly Timeframe)
🔹 Will the 5th wave formation come to an end soon?
🔹 Best to wait for a confirmed bottom fractal — price action will become clearer by the end of this week.
🔹 If a fractal forms, then:
• Watch for a breakout and close above the channel
• Look for entry opportunities into the next bullish impulse
🎯 Potential upside targets: $91,500 – $112,200
📉 D1 (Daily Timeframe)
🔹 Price is testing the upper boundary of a narrowing channel
🔹 To confirm a short-term reversal, it's ideal to wait for a top fractal
🔹 From the last impulse, there’s a correction opportunity toward:
• $81,700 – $77,320 (40–80% retracement)
⚠️ Avoid increasing position size / exposure
🔁 Upon reaching the support zone — watch for bullish entries
⏳ H4 (4-Hour Timeframe)
🔹 Potential beginning of a 3rd wave down from the upper channel
🔹 A short setup could be valid if the 1st wave low is broken
🔹 Stop loss should be placed above the high of wave 1 or above the channel level
🎯 Short-term targets: 61% – 23% Fibonacci levels from the last bullish impulse
📈 Trade Setup (H4 idea):
Entry: 84,154.92 – *82,895.64
Take Profits (TP):
1. 81,702.63
2. 80,399.17
3. 79,029.42
4. 77,328.29
Stop Loss: 86,209.53
📌 Conclusion:
BTCUSDT is in a critical zone — potentially ending its 5th wave on the weekly chart.
The key is to wait for confirmation via fractals (bottom on W1, top on D1).
Meanwhile, H4 offers a chance to engage in a controlled short setup, with tight risk and clear invalidation.
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.