ElliottWaveStrategy

🥇 Bitcoin, the largest cryptocurrency by market cap, is currently in a pivotal phase. It has been hovering in a key resistance zone, forming a consolidation over the past month. 📈 This is not a coincidence before a significant impulse, markets often experience periods of consolidation. It's like the calm before the storm, where traders hold their breath, awaiting the next move. 🪩 We're closely monitoring BTCUSD's dance around this resistance. We anticipate a correction before a possible breakthrough of this zone. But in the world of trading, nothing is guaranteed until it happens.

#BTCUSD - 12H - Elliott Wave Analysis ✅ The easiest way to trade is that wait for the correction and trade on impulse! 📅 Since I posted previous #BTCUSD analysis on sunday, it passed above bullish confirmation level with a so sharp impulse. ⏰ For now it can continue to go up for a while. Once it starts to correct itself, use fib retracement tool, plan your trade and trade on next impulse!

#BTCUSD - 8H - Elliott Wave Analysis 🧐 You can’t control the market! But you can control how you respond it. 🗝 Planning is the key element of trading! Plan it - Follow it! Trade it! 📅 Thats what i share with you on previous #BTCUSD analysis. 🎯 If you have a trading plan, all you have to do is following it. When you get confirmation, trade it!

#BTCUSD - 4H - Elliott Wave Analysis #BTCUSD - (Tradingview) 🎯 We caught the downside move perfectly in previous analysis. 🎯 Now BTC to 28,800 🚀

#BTCUSD - 2H - Elliott Wave Analysis The impulse waves are subdivided into five smaller waves, labeled 1, 2, 3, 4 and 5. The corrective waves are subdivided into three smaller waves, labeled A, B and C. The basic pattern of the Elliott Wave Principle is a 5-3 move, where five waves form an impulse, followed by three waves forming a correction. Now, let’s focus on the 3rd wave of the impulse. This wave is usually the most powerful and the longest of the five waves, as it reflects a strong trend in the direction of the main trend. The 3rd wave is also the most profitable wave for traders, as it offers the best risk-reward ratio and the highest probability of success. The goal of the 3rd wave is to extend beyond the end of the 1st wave by a certain ratio. The most common ratio is 1.618, which is derived from the Fibonacci sequence. This means that the length of the 3rd wave should be 1.618 times the length of the 1st wave. Some other ratios that are used are 2.618, 3.618 and 4.236. The reason why traders target these ratios is because they are based on natural laws and patterns that govern not only financial markets, but also many phenomena in nature, art and science. These ratios reflect the harmony and proportion that exist in nature and human perception.