๐ BTCUSD Chart Analysis & Trade Plan
Instrument: BTCUSD
Trade Setup: Long
Entry Price: $96,900
Take Profit (TP): $103,500
Stop Loss (SL): $93,830
Risk-Reward Ratio (RRR): 2.15
Timeframe Observed: 4H / Daily
Time Horizon: 2โ4 days
Strategy Type: Trend Continuation
๐ Technical Overview
Trend: BTCUSD is exhibiting a bullish continuation pattern, forming higher lows and higher highs on both 4H and Daily charts.
Support Levels:
Primary: $96,500โ$96,900 (current entry zone, previous breakout retest zone)
Secondary: $94,800 (key horizontal + Fibonacci retracement support)
Resistance Levels:
Short-term: $100,800
Medium-term: $103,500 (aligned with Gann and Elliott targets)
๐ Elliott Wave Analysis
Primary Wave Count (4H chart):
BTCUSD appears to be in Wave 3 of (3) of a bullish impulse cycle.
Wave (2) retracement completed near $96,000 with a sharp ABC correction.
Wave (3) projection gives a Fibonacci extension target:
100% of Wave 1 = ~$103,500 โ aligning with our TP zone.
Subwaves inside Wave 3:
Wave i and ii completed.
Currently progressing through Wave iii โ often the strongest, highest momentum wave.
Implication: If Wave iii holds, BTCUSD could accelerate toward $103,500 within the next 48โ72 hours.
๐ W.D. Gann Analysis
Gann Fan (drawn from $60,000 low):
Price has reclaimed the 1x1 line (balance of time and price) around $96,000.
Next resistance lies near the 1x2 Gann angle at ~$103,300โ$103,500.
Gann Square of 9 levels:
$96,800 is a key Gann pivot price.
The next natural harmonic level on the Square of 9 lies at $103,500, affirming this zone as a major Gann target.
Implication: Gann time/price analysis supports a rally to $103,500 before the next cycle pause.
๐ Trade Plan Summary
Parameter Value
Entry $96,900
Take Profit $103,500
Stop Loss $93,830
RRR 2.15
Timeframe 2โ4 Days
Justification:
Entry aligns with Elliott Wave corrective low (Wave 2).
Gann angle breakout confirms time/price balance in favor of bulls.
Confluence of Fibonacci projections, harmonic levels, and structural support.
โ ๏ธ Risk Notes
If BTCUSD fails to hold above the $96,500โ$96,000 zone, reevaluation is needed.
Global macro factors and ETF flows should be monitored, as they could cause volatility.
๐จ๐จ
๐Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! ๐๐ธ
Binance Square Family...โค๏ธโ๐ฅโค๏ธโ๐ฅ
I hope my analysis has been helpful to you. If you have any questions, please leave a comment. I'm always happy to help.
I appreciate your support and Wish you good luck ๐๐บ๐
โ Buy and Trade here on $BTC
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