This chart illustrates an Elliott Wave pattern on BTCUSDT in the 4-hour timeframe. The market initially completed a 5-wave impulse move to the upside, labeled as (1)-(2)-(3)-(4)-(5), signaling a strong bullish trend. Following the completion of Wave (5), a corrective ABC structure has begun, indicating a potential retracement phase.
- The 5-wave impulse structure suggests a completed bullish cycle.
- Wave (A) marks the initial corrective decline, followed by a recovery in Wave (B).
- Wave (C) is in progress, likely targeting lower levels before a potential reversal or continuation of the trend.
Traders should watch key support and resistance levels to identify potential reversal zones or continuation patterns. If BTC finds strong support at a key level, it could indicate a buying opportunity for the next bullish wave. Conversely, a deeper breakdown could confirm extended correction.
Always apply proper risk management and confirm setups with additional technical indicators.
- The 5-wave impulse structure suggests a completed bullish cycle.
- Wave (A) marks the initial corrective decline, followed by a recovery in Wave (B).
- Wave (C) is in progress, likely targeting lower levels before a potential reversal or continuation of the trend.
Traders should watch key support and resistance levels to identify potential reversal zones or continuation patterns. If BTC finds strong support at a key level, it could indicate a buying opportunity for the next bullish wave. Conversely, a deeper breakdown could confirm extended correction.
Always apply proper risk management and confirm setups with additional technical indicators.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.