Bitcoin
Short

BTCUSD in correction phase for long term uptrend.

81
Elliott Wave Analysis : BTCUSD Swing Daily Uptrend, Intraday Downtrend

Trendline analysis on BTCUSD.

Trend Identification: Swing Downtrend BTCUSD .

Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points.

Price Behavior: Daily Bullish pullback with market structure.

Targets: T1 = 27500, T2 - 26500. Check for Entry and Stop-loss.


Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements.

Confirmation Indicators: Elliott Wave Corrective wave C.

Conclusion: Based on the chart wave analysis of , BTCUSD is Downtrend has been identified. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading!

(Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.