Bitcoin Elliott Wave technical analysis [Video]
|BTC/USD Elliott Wave technical analysis
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Function: Follow Trend.
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Mode: Motive.
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Structure: Impulse.
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Position: Wave 3.
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Invalidation level: 110,588.
Market overview – Daily chart
Bitcoin (BTCUSD) is currently showing continued upward movement through an accelerating wave pattern. At present, price action is in a consolidation phase, specifically wave iv of sub-wave iii, acting as a short-term correction. Once this phase completes, we expect upward movement toward wave v of 3, followed by the final wave (5) in the larger degree trend structure (1).
Trading strategy
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For short-term swing traders:
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Wait for wave iv to consolidate near Fibonacci zones (0.236–0.382).
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If a bullish reversal or a small impulse pattern is observed → Consider entering a long position to ride wave v.
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Wave count invalidation:
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If BTCUSD drops below 110,588, the current Elliott Wave structure will be considered invalid.
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Bitcoin – Elliott Wave technical analysis and trading strategy
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Function: Follow Trend.
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Mode: Motive.
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Structure: Impulse.
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Position: Wave 3.
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Invalidation level: 110,588.
Market overview – Four-hour chart
BTCUSD shows the same structure on the 4-hour chart, confirming the consolidation phase of wave iv within sub-wave iii. This is a brief sideways move before Bitcoin resumes its upward path with wave v, continuing the impulse trend toward higher degrees.
Trading strategy
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Short-term opportunity (swing trade):
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Monitor consolidation zones near 0.236–0.382 Fibonacci levels.
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Upon detecting a bullish reversal or minor impulse → go long to capture wave v.
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Invalidation risk:
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A decline under 110,588 will invalidate the current wave structure, signaling a change in the trend.
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Bitcoin Elliott Wave technical analysis [Video]
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