Hey traders 👋
Bitcoin might be setting up for a strong move downwards after completing what appears to be a 5-wave impulse structure on the higher timeframe.
There’s also a clear RSI bearish divergence, suggesting that bullish momentum is fading and a correction could be near.
I’m currently expecting a medium-term ABC corrective phase, though it’s still uncertain whether it will develop as a classic zig-zag or a flat/flag-type correction.
🎯 Trade Plan (Short Setup)
- Entry Zone: 112,000 – 118,000 USDT
- Stop Loss: above 125,000 USDT
- Take Profit 1: 75,000 USDT
- Take Profit 2: 52,000 USDT
- Final Target (Wave C): around 43,000 USDT
⚡ Notes:
If BTC breaks below the previous wave 4 area with strong momentum, that would add more confirmation to the corrective scenario. However, if the market maintains higher lows, we could still see an extended B-wave or even a continuation of the uptrend.
📘 Reminder:
This is not financial advice — always DYOR and manage your risk properly.
Bitcoin might be setting up for a strong move downwards after completing what appears to be a 5-wave impulse structure on the higher timeframe.
There’s also a clear RSI bearish divergence, suggesting that bullish momentum is fading and a correction could be near.
I’m currently expecting a medium-term ABC corrective phase, though it’s still uncertain whether it will develop as a classic zig-zag or a flat/flag-type correction.
🎯 Trade Plan (Short Setup)
- Entry Zone: 112,000 – 118,000 USDT
- Stop Loss: above 125,000 USDT
- Take Profit 1: 75,000 USDT
- Take Profit 2: 52,000 USDT
- Final Target (Wave C): around 43,000 USDT
⚡ Notes:
If BTC breaks below the previous wave 4 area with strong momentum, that would add more confirmation to the corrective scenario. However, if the market maintains higher lows, we could still see an extended B-wave or even a continuation of the uptrend.
📘 Reminder:
This is not financial advice — always DYOR and manage your risk properly.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.