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Bitcoin Elliott Wave technical analysis [Video]

Bitcoin Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

BTC/USD Elliott Wave technical analysis – Daily chart

  • Function: Follow Trend.

  • Mode: Motive.

  • Structure: Impulse.

  • Wave position: Wave 3.

  • Direction of higher degrees: Uptrend expected.

Trading strategy (BTC/USD - 07 July 2025):

Following the completion of wave (2) at 98,192 USD, Bitcoin has entered wave 3 of a new upward impulse. This move projects potential price action to the 1.618 Fibonacci extension at 123,183 USD.

Trading tips for swing traders

  • Strategy: Use minor dips as buying opportunities to ride wave 3 acceleration.

  • Invalidation Level: A break below 107,240 USD would negate the current wave count.

Chart

BTC/USD Elliott Wave technical analysis – Four-hour chart

  • Function: Follow Trend.

  • Mode: Motive.

  • Structure: Impulse.

  • Wave position: Wave 3.

  • Direction of higher degrees: Continuation to upside expected.

Trading strategy (BTC/USD - 04 July 2025):

The 4-hour chart confirms the daily structure. Bitcoin, post-consolidation at 98,192 USD, is now forming sub-wave 3 within a broader bullish move, with potential to hit 123,183 USD.

Swing trade plan

  • Buy minor corrections within the uptrend to join wave 3.

  • Invalidation Level: Drop below 107,240 USD will cancel this wave count.

Chart

Bitcoin Elliott Wave technical analysis [Video]

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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