@morecryptoonline
YouTube
Avg. Quality
71
Success Rate
26.62
Analysis
1315
Correct
350
Fail
873
Pending
88
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Pending
BTCUSDT
Long Entry
95,400.0000
2026-01-16
04:29 UTC
Target
99,392.1000
Fail
93,949.5000
Risk/Reward
1 : 3
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The analysis focuses on Bitcoin's price action, identifying a potential completion of an ABC corrective structure within a larger Wave 4 on the daily timeframe. The C-wave of this correction has reached the 50% retracement level of the resistance area, which falls between 96,906.14 and 98,413.91. While this area is an ideal target for bears to emerge, the current upward movement is still considered incomplete on a shorter timeframe. On the 1-hour and 30-minute charts, the C-wave is interpreted as an impulsive five-wave structure. Waves 1, 2, 3, and 4 are identified, with Wave 4 being a three-wave pullback. The analysis anticipates one more high (Wave 5) to complete the overall C-wave. This final Wave 5 is projected to reach the 100% extension level at 99,392.15, which is considered an ideal target. The analysis highlights that a breakdown below the previous swing low at 93,949.53 on the shorter timeframes would serve as the first strong indication of a top and invalidate the immediate bullish outlook towards the Wave 5 target. Conversely, sustained price action above this level supports the ongoing bullish momentum towards the projected target.