BTC/USDT – Elliott Wave Structure with BOS Confirmation
On the 2H timeframe, Bitcoin is showing a clear Elliott Wave corrective pattern:
Wave A → B → C → D completed
BOS (Break of Structure) confirms a potential shift towards a bullish reversal.
Price is consolidating near the $108,800 level, preparing for a possible move towards the Wave E target zone.
Key Observations:
Momentum indicators showing a potential bullish divergence.
Holding above the $108,000 support zone strengthens the bullish outlook.
Next resistance levels are at $110,000 – $112,000.
Trade Idea:
Entry: Around $108,800 (confirmation on bullish candle close)
Target Levels:
TP1: $110,500
TP2: $112,000
Stop Loss: Below $107,500 to manage risk.
Bias: Bullish as long as price sustains above the recent Wave D low.
Would you like me to include Fibonacci retracement levels in this description for more technical depth?
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On the 2H timeframe, Bitcoin is showing a clear Elliott Wave corrective pattern:
Wave A → B → C → D completed
BOS (Break of Structure) confirms a potential shift towards a bullish reversal.
Price is consolidating near the $108,800 level, preparing for a possible move towards the Wave E target zone.
Key Observations:
Momentum indicators showing a potential bullish divergence.
Holding above the $108,000 support zone strengthens the bullish outlook.
Next resistance levels are at $110,000 – $112,000.
Trade Idea:
Entry: Around $108,800 (confirmation on bullish candle close)
Target Levels:
TP1: $110,500
TP2: $112,000
Stop Loss: Below $107,500 to manage risk.
Bias: Bullish as long as price sustains above the recent Wave D low.
Would you like me to include Fibonacci retracement levels in this description for more technical depth?
ChatGPT can make mistakes. Check important info. See Cookie
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.