Bitcoin (BTCUSDT) — D1
Potential Wave 3 Formation + Rebound from Channel Boundary
Bullish Continuation Scenario
🔎 Market Structure — D1
On the daily timeframe, BTCUSDT is forming a potential bullish reversal / continuation setup after a strong rebound from the lower boundary of the ascending channel.
Price reacted from the support area and is currently attempting to build a new impulsive structure to the upside. The current movement suggests that the corrective phase may be completed, with the market potentially transitioning into Wave 3.
Key technical signals:
rebound from the lower channel boundary
reaction from the support zone
formation of a potential Wave 1 impulse
corrective Wave 2 pullback appears completed
recovery above the local structure
upside impulse activation from the entry area
The setup aligns with an Elliott Wave continuation model, where Wave 3 may start after the market completes a corrective Wave 2 pullback.
📐 Elliott Wave Context
Wave 1: initial bullish impulse from the local low
Wave 2: corrective pullback toward support
Wave 3: potential bullish expansion phase
📌 Key principle:
The bullish scenario remains valid as long as BTC stays above the low of Wave 1.
A breakdown below this level would invalidate the current Wave 3 upside scenario and may indicate continuation of the broader bearish pressure.
📍 Entry
Entry: 62,719.96
The entry is positioned:
after the rebound from the channel boundary
above the local support reaction zone
within the bullish impulse activation area
with invalidation placed below the Wave 1 low
🎯 Target Levels — Wave 3 Projections
Targets are based on the projected bullish impulse structure and Fibonacci extension zones:
TP1: 65,692.33
TP2: 68,254.12
TP3: 71,169.26
TP4: 74,040.24
Each target represents a potential reaction zone where partial profit-taking or short-term consolidation may occur during the development of Wave 3.
🛑 Invalidation / Stop Loss
Main Stop Loss: 59,067.01
Aggressive / Tighter Stop: 60,656.29
The main stop is placed below the minimum of Wave 1, which:
protects the setup from structural invalidation
confirms that the bullish Wave 3 scenario is no longer valid if breached
keeps risk clearly defined below the key impulse low
separates normal corrective movement from full scenario breakdown
The tighter stop at 60,656.29 can be used for a more aggressive risk model, but it carries a higher chance of being triggered by normal market volatility.
📊 Risk / Reward Overview
Entry: 62,719.96
Main Stop: 59,067.01
Tighter Stop: 60,656.29
Using the main stop, risk is approximately 5.82%.
Target potential:
TP1: approximately 4.74% upside / RR ≈ 0.81
TP2: approximately 8.82% upside / RR ≈ 1.52
TP3: approximately 13.47% upside / RR ≈ 2.31
TP4: approximately 18.05% upside / RR ≈ 3.10
Using the tighter stop, risk is approximately 3.29%.
Target potential:
TP1: RR ≈ 1.44
TP2: RR ≈ 2.68
TP3: RR ≈ 4.09
TP4: RR ≈ 5.49
🧠 Risk & Trade Management
This is a bullish setup based on the potential start of Wave 3 after a rebound from the channel support.
Recommended management approach:
monitor reaction around TP1, as it is the first resistance zone
consider partial profit-taking from TP2 onward
reduce risk once price confirms continuation above the local structure
move stop to breakeven after a strong bullish impulse develops
avoid adding after extended candles without a pullback
scaling can be considered only on controlled intrawave corrections
📌 Summary
BTCUSDT on D1 is forming a potential Wave 3 bullish continuation setup after rebounding from the lower boundary of the ascending channel.
The bullish scenario remains active above 59,067.01, with upside targets at 65,692.33, 68,254.12, 71,169.26, and 74,040.24.
For aggressive risk management, the tighter stop level is 60,656.29.
The setup is invalidated if price breaks below the Wave 1 low.
⚠️ Not financial advice. Trade with proper risk management.
Potential Wave 3 Formation + Rebound from Channel Boundary
Bullish Continuation Scenario
🔎 Market Structure — D1
On the daily timeframe, BTCUSDT is forming a potential bullish reversal / continuation setup after a strong rebound from the lower boundary of the ascending channel.
Price reacted from the support area and is currently attempting to build a new impulsive structure to the upside. The current movement suggests that the corrective phase may be completed, with the market potentially transitioning into Wave 3.
Key technical signals:
rebound from the lower channel boundary
reaction from the support zone
formation of a potential Wave 1 impulse
corrective Wave 2 pullback appears completed
recovery above the local structure
upside impulse activation from the entry area
The setup aligns with an Elliott Wave continuation model, where Wave 3 may start after the market completes a corrective Wave 2 pullback.
📐 Elliott Wave Context
Wave 1: initial bullish impulse from the local low
Wave 2: corrective pullback toward support
Wave 3: potential bullish expansion phase
📌 Key principle:
The bullish scenario remains valid as long as BTC stays above the low of Wave 1.
A breakdown below this level would invalidate the current Wave 3 upside scenario and may indicate continuation of the broader bearish pressure.
📍 Entry
Entry: 62,719.96
The entry is positioned:
after the rebound from the channel boundary
above the local support reaction zone
within the bullish impulse activation area
with invalidation placed below the Wave 1 low
🎯 Target Levels — Wave 3 Projections
Targets are based on the projected bullish impulse structure and Fibonacci extension zones:
TP1: 65,692.33
TP2: 68,254.12
TP3: 71,169.26
TP4: 74,040.24
Each target represents a potential reaction zone where partial profit-taking or short-term consolidation may occur during the development of Wave 3.
🛑 Invalidation / Stop Loss
Main Stop Loss: 59,067.01
Aggressive / Tighter Stop: 60,656.29
The main stop is placed below the minimum of Wave 1, which:
protects the setup from structural invalidation
confirms that the bullish Wave 3 scenario is no longer valid if breached
keeps risk clearly defined below the key impulse low
separates normal corrective movement from full scenario breakdown
The tighter stop at 60,656.29 can be used for a more aggressive risk model, but it carries a higher chance of being triggered by normal market volatility.
📊 Risk / Reward Overview
Entry: 62,719.96
Main Stop: 59,067.01
Tighter Stop: 60,656.29
Using the main stop, risk is approximately 5.82%.
Target potential:
TP1: approximately 4.74% upside / RR ≈ 0.81
TP2: approximately 8.82% upside / RR ≈ 1.52
TP3: approximately 13.47% upside / RR ≈ 2.31
TP4: approximately 18.05% upside / RR ≈ 3.10
Using the tighter stop, risk is approximately 3.29%.
Target potential:
TP1: RR ≈ 1.44
TP2: RR ≈ 2.68
TP3: RR ≈ 4.09
TP4: RR ≈ 5.49
🧠 Risk & Trade Management
This is a bullish setup based on the potential start of Wave 3 after a rebound from the channel support.
Recommended management approach:
monitor reaction around TP1, as it is the first resistance zone
consider partial profit-taking from TP2 onward
reduce risk once price confirms continuation above the local structure
move stop to breakeven after a strong bullish impulse develops
avoid adding after extended candles without a pullback
scaling can be considered only on controlled intrawave corrections
📌 Summary
BTCUSDT on D1 is forming a potential Wave 3 bullish continuation setup after rebounding from the lower boundary of the ascending channel.
The bullish scenario remains active above 59,067.01, with upside targets at 65,692.33, 68,254.12, 71,169.26, and 74,040.24.
For aggressive risk management, the tighter stop level is 60,656.29.
The setup is invalidated if price breaks below the Wave 1 low.
⚠️ Not financial advice. Trade with proper risk management.
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน