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Bitcoin technical analysis is presented as follows.
The current wave structure, based on Elliott Wave Theory, appears to be in the final stage of the corrective pattern, specifically in WAVE Y. Notably, WAVE Y has extended to 1.618 times the length of WAVE W, which suggests a potential completion of a typical WXY corrective pattern. This can be interpreted as a strong reversal signal.
In addition, the 1.414 Butterfly pattern, one of the harmonic patterns I have been monitoring, has also completed in the same zone. As Butterfly patterns often indicate high reversal probability between the 1.272 and 1.618 levels, the precise formation at the 1.414 ratio adds further technical confirmation and reliability to this signal.
In summary, the convergence of these two technical factors strongly supports a bullish bias at the current level and increases confidence in a potential short-term price rise for Bitcoin. Therefore, this zone is considered a strategic point for entering a long position.
With sharp insight and precise analysis, we regularly share trading ideas on Bitcoin and other major assets—always guided by structure, sentiment, and momentum.
🔔 Follow us to never miss a market update.
--------------------------------------------------------------------------------------------------------
Bitcoin technical analysis is presented as follows.
The current wave structure, based on Elliott Wave Theory, appears to be in the final stage of the corrective pattern, specifically in WAVE Y. Notably, WAVE Y has extended to 1.618 times the length of WAVE W, which suggests a potential completion of a typical WXY corrective pattern. This can be interpreted as a strong reversal signal.
In addition, the 1.414 Butterfly pattern, one of the harmonic patterns I have been monitoring, has also completed in the same zone. As Butterfly patterns often indicate high reversal probability between the 1.272 and 1.618 levels, the precise formation at the 1.414 ratio adds further technical confirmation and reliability to this signal.
In summary, the convergence of these two technical factors strongly supports a bullish bias at the current level and increases confidence in a potential short-term price rise for Bitcoin. Therefore, this zone is considered a strategic point for entering a long position.
📢 공식 채팅방에서 트레이딩뷰 프리미엄 1년 구독권 1000만원 가량 이벤트 중 입니다. (이벤트 기간 : 07.01 09시까지)
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📢 공식 채팅방에서 트레이딩뷰 프리미엄 1년 구독권 1000만원 가량 이벤트 중 입니다. (이벤트 기간 : 07.01 09시까지)
아래를 참고해주세요 👇
t.me/SeoVereign_Chat
📢 Join our SeoVereign Telegram group!
It's a global group — let's keep it in English!
Details below 👇
t.me/+Sd_TSg2IX3k4
아래를 참고해주세요 👇
t.me/SeoVereign_Chat
📢 Join our SeoVereign Telegram group!
It's a global group — let's keep it in English!
Details below 👇
t.me/+Sd_TSg2IX3k4
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.