📈 BTCUSD Chart Analysis & Trade Plan
Instrument: BTCUSD
Trade Type: Long
Entry: $96,900
Take Profit (TP): $103,500
Stop Loss (SL): $93,830
Risk-Reward Ratio: 2.15
Timeframe: 4H / Daily
Holding Period: 2–4 days
Strategy: Trend Continuation
🔍 Technical Outlook
Trend:
BTCUSD remains in a bullish continuation pattern, forming consistent higher highs and higher lows across 4H and Daily timeframes.
Support Zones:
• Primary: $96,500–$96,900 — current entry zone and prior breakout retest
• Secondary: $94,800 — horizontal support + key Fibonacci level
Resistance Zones:
• Short-Term: $100,800
• Medium-Term: $103,500 — aligns with multiple technical targets
🌀 Elliott Wave Insight
Current Count (4H):
BTCUSD is progressing through Wave 3 of (3) in a bullish impulse cycle.
• Wave (2) correction concluded near $96,000 with an ABC structure
• Wave (3) targets a 100% Fibonacci extension of Wave 1 = ~$103,500
• Subwaves suggest Wave iii is in play — typically the strongest, most impulsive move
Outlook: Momentum is expected to accelerate toward $103,500 in the next 48–72 hours if Wave iii continues unfolding.
📐 Gann Analysis
Gann Fan (from $60,000 low):
• Price has reclaimed the 1x1 line near $96,000
• Next key resistance: 1x2 angle at ~$103,300–$103,500
Square of 9 Levels:
• $96,800 acts as a pivot level
• Harmonic target: $103,500 — confirming confluence with Elliott Wave and Fibonacci projections
Conclusion: Gann timing and price tools support a move toward $103,500 before potential consolidation.
📝 Trade Plan Summary
Parameter
Value
Entry
$96,900
Take Profit
$103,500
Stop Loss
$93,830
RRR
2.15
Timeframe
2–4 Days
Rationale:
• Entry aligns with a completed Wave 2 retracement
• Gann + Elliott Wave + Fibonacci provide high-confidence target zone
• Price structure remains bullish with strong trend continuation signals
⚠️ Risk Management Notes
• A break below $96,000 would invalidate this setup—monitor closely
• Keep an eye on macro developments and ETF-related news, which could
