LAST BTC PUSH? Dear Community,
in order to expand my skills analysis, I will regularly share my analyses and ideas here on TradingView. I still consider myself a beginner in the “stock market” and “crypto” area and am therefore very much looking forward to your comments and input!
My primary assumption is that we are still in a final upward move. However, I am also pursuing alternative scenarios that could lead to significantly higher levels.
BTC analysis - 1H chart
In my analysis, wave (3) in yellow is complete and we are currently in wave (4) correction, which may not be complete yet.
My guess:
- Wave B (yellow) has been completed, wave C has extended and could still reach USD 113 679, where the Fibonacci 100 level is located. There is also an FVG in the 1H chart.
- A retest of the blue trend channel would be quite possible in order to pick up liquidity at this level before wave 5 (yellow) is completed between USD 126,887 and USD 130,000.
- My risk management is down to USD 107,326 (Fibonacci 1.866).
- We have already tested the Fibonacci 0.5 level (pullback level) and seen a positive reaction. However, we currently lack volume in the market.
- If the blue channel and the Fibonacci 100% level break, I have to assume an alternative count.
In this case, wave 4 would still have scope to reach the Fibonacci 61.8% level in the yellow box at USD 112,062.
If my current forecast does not materialize, I assume that we have already completed wave A and are in the correction to wave B, which will be followed by wave C - with a target of around USD 130,000 for the final impulse.
This scenario also fits in well with risk management up to the Fibonacci level of 1.866. There are also high liquidity areas (long) at this level, which are very attractive for market makers.
What do you think?
