Bitcoin (BTCUSD) – Elliott Wave Analysis & Strategic Trade Setup | TradingLounge Daily Chart
BTCUSD Elliott Wave Forecast
Function: Trend Continuation
Wave Mode: Motive
Wave Structure: Impulse
Current Position: Wave 3
Invalidation Threshold: 110,588
Market Outlook – Daily Chart
Bitcoin (BTCUSD) continues its upward momentum within a classic Elliott Wave impulse sequence. Presently, BTC is in a brief consolidation, labeled wave iv of sub-wave iii, serving as a corrective pause. Once this correction resolves, Bitcoin is projected to resume its bullish momentum into wave v of 3, eventually completing the broader wave (5) pattern of the primary uptrend cycle.
BTC Trading Strategy – Daily View
✅ For Swing Traders (Short-Term):
- Watch for price to settle within the Fibonacci retracement zones (0.236–0.382).
- A confirmed bullish reversal or a clear minor impulse move signals a potential entry to ride wave v upward.
🟥 Wave Structure Invalidation:
- A price move below 110,588 would invalidate the current wave setup, prompting a reassessment of the trend structure.
Bitcoin (BTCUSD) – Elliott Wave Analysis & Trading Strategy (H4 View)
BTCUSD Technical Forecast – 4H Chart
Function: Trend Continuation
Wave Mode: Motive
Wave Structure: Impulse
Current Position: Wave 3
Invalidation Threshold: 110,588
Market Outlook – 4H Chart
The 4-hour chart confirms Bitcoin’s ongoing wave iv consolidation within sub-wave iii. This short-term sideways action suggests the market is preparing for the next upward wave—wave v—continuing the overall impulse trend structure in alignment with higher timeframe projections.
BTCUSD Trading Strategy – 4H Chart
- ✅ Swing Trade Setup:
- Identify key consolidation zones near Fibonacci levels (0.236–0.382).
- Enter long positions upon a confirmed bullish reversal or emergence of a minor impulse wave targeting wave v.
🟥 Trend Invalidation Alert:
- A price decline below 110,588 will invalidate the current Elliott Wave outlook and may indicate a trend shift.
Technical Analyst: Kittiampon Somboonsod, CEWA
Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here
Previous: DOGEUSD Elliott Wave Technical Analysis
VALUE Offer - Buy 1 Month & Get 3 Months!Click here
Access 7 Analysts Over 200 Markets Covered. Chat Room With Support
