Bitcoin Elliott Wave technical analysis [Video]

BTC/USD Elliott Wave technical analysis

• Function: Follow Trend.

• Mode: Motive.

• Structure: Impulse.

• Position: Wave 3.

• 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

• For short-term swing traders:

  • Wait for wave iv to consolidate near Fibonacci zones (0.236–0.382).

  • If a bullish reversal or a small impulse pattern is observed → Consider entering a long position to ride wave v.

• Wave count invalidation:

  • If BTCUSD drops below 110,588, the current Elliott Wave structure will be considered invalid.

Bitcoin – Elliott Wave technical analysis and trading strategy

• Function: Follow Trend.

• Mode: Motive.

• Structure: Impulse.

• Position: Wave 3.

• 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

• Short-term opportunity (swing trade):

  • Monitor consolidation zones near 0.236–0.382 Fibonacci levels.

  • Upon detecting a bullish reversal or minor impulse → go long to capture wave v.

• Invalidation risk:

  • A decline under 110,588 will invalidate the current wave structure, signaling a change in the trend.

Bitcoin Elliott Wave technical analysis [Video]