Total Quality
Score
If You Had Traded on This Analysis…
Correct
BTCUSDT
Entry 116,443.0000 2025-08-09 04:24 UTC
Target 118,512.0000 In 24 Hours
Fail 113,707.0000
Risk / Reward 1 : 1
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Final PnL
1.78%
P/L:
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BTCUSDT
Correct
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
The analysis tracks a move upwards from the wave 4 low, predicting a five-wave move to the upside. It discusses tracking wave one up, wave two down, wave three up, and then a potential wave four pullback before pushing higher into wave five. Various scenarios are discussed, including the orange scenario, suggesting a broader wave two which might still be unfolding, and the white count for a diagonal pattern in five waves. A support area is highlighted, which should support bullish scenarios, holding above $113,700. If a white count (preferred interpretation) occurs, it should not break below $114,555. Reaching resistance around $117,750 is seen as a three-wave move down, with the standard resistance area on the chart between $116,819 and $117,518, indicating a possible wave four pullback to between $115,236 to $114,555. A break above resistance at $117,518 would suggest a low is in.
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Accurate
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