Bitcoin (BTCUSD) Crypto Price News Today Elliott Wave Technical Analysis By Tradinglounge

✅ Try TradingLounge for just $1 for two weeks, then only $29/month (SAVE 58%!) 📈 Gain access to 8 professional analysts, real-time chat, AI-powered Elliott Wave charts, and strategic trade setups for 250+ markets. 👉 Start Your Trial Now Elliott Wave Analysis – TradingLounge Daily Chart Bitcoin / U.S. Dollar (BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 1 Wave Cancel Invalid Level: Not specified Bitcoin / U.S. Dollar (BTCUSD) Trading Strategy Bitcoin has been in a strong upward wave (1) since it broke above the W–X–Y correction pattern in April. It is now nearing the "sell pressure zone," typically at the Fibonacci 1.618 level seen at the end of impulse waves. After ending the W–X–Y pattern at 74,773.69, the price began a powerful impulse rally forming wave (1). This wave consists of sub-waves 1–2–3–4–5, and the market is now in the last part of wave (1). Trading Strategies ✅ For Short-Term Traders (Swing Trade) Monitor the development of wave (2). A rest in wave (2) may offer a major buying opportunity in this bullish market. 🟥 W.C. Invalid If the price falls below 98,192.13, this would invalidate the current wave count and the structure must be reassessed. Elliott Wave Analysis – TradingLounge H4 Chart, Bitcoin / U.S. Dollar (BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave V Wave Cancel Invalid Level: Not specified Bitcoin / U.S. Dollar (BTCUSD) Trading Strategy Bitcoin continues in its upward impulse structure. It is currently in wave iv of the larger wave (1), preparing for the final v wave, which is expected to push prices to a new peak. Wave iii has already completed above $122,000. Wave iv has been correcting and is holding near the 0.382 Fibonacci level at 118,656.79. Trading Strategies ✅ For Short-Term Traders (Swing Trade) Look for a bounce from the wave iv support area to enter a long trade in wave v. 🟥 W.C. Invalid (Invalidation price not specified for this setup.) Analyst: Kittiampon Somboonsod, CEWA Source: TradingLounge.com – Get your trial today! ✅ Try TradingLounge for just $1 for two weeks, then only $29/month (SAVE 58%!) 📈 Gain access to 8 professional analysts, real-time chat, AI-powered Elliott Wave charts, and strategic trade setups for 250+ markets. 👉 Start Your Trial Now YOU CAN REACH ME via: LinkedIn:https://linkedin.com/in/petermathers Facebook: https://www.facebook.com/tradinglounge/ Twitter: https://twitter.com/tradinglounge https://tradinglounge.com/discount Special Trial Offer - Buy 3 months subscription and get 5 Months! Click here https://tradinglounge.com/341 7 Analysts Over 200 Markets Covered Risk Disclaimer - This is not financial advice. The material does not contain (and should not be construed as containing) personal financial or investment advice or other recommendations, or an offer of, or solicitation for, a transaction in any financial instrument. The information does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Tradinglounge accepts no responsibility for any use that may be made of these comments and for any consequences that result. Tradinglounge™ uses a range of technical analysis tools, such as Volume Analysis, Trading Levels, Elliott Wave, software, and fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our Trading Lounge™ websites and our Trading Lounge™ Membership and social media platforms has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, trading lounge takes no responsibility whatsoever for your trading losses or profits This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading all and any financial products. #TradingLounge #BTC #Bitcoin #BTCUSD #Crypto #CryptoTrading #ElliottWave #TechnicalAnalysis #BitcoinForecast #Wave1 #ImpulseWave #SwingTrading #ShortTermTrading #CryptoMarket #ChartPatterns #BitcoinPrice #WaveCount #CryptoForecast #TrendAnalysis #BullishOutlook