🚨 $BTC — 1H ELLIOTT WAVE SHORT SETUP 🚨
BTC is showing a potential 5-wave corrective structure on the 1H chart. Waves (1) → (2) → (3) → (4) appear to be forming, with Wave (5) potentially targeting the lower support zone.
📌 Trade Setup: SHORT
Entry: $80,400 – $80,800
❌ Stop Loss: $83,850
🎯 TP1: $78,800
🎯 TP2: $77,200
🎯 TP3: $75,883
Why?
BTC is showing rejection around the $80.3K–$80.8K area. If this Elliott Wave count remains valid and Wave (4) is complete, Wave (5) could drive price toward the $75.8K support zone.
⚠️ Invalidation: A strong 1H close above $83.8K invalidates this bearish wave scenario.
Plan: Watch the $80.2K–$80.8K rejection zone. Don’t chase the short if BTC breaks higher.
DYOR. Not financial advice.
BTC is showing a potential 5-wave corrective structure on the 1H chart. Waves (1) → (2) → (3) → (4) appear to be forming, with Wave (5) potentially targeting the lower support zone.
📌 Trade Setup: SHORT
Entry: $80,400 – $80,800
❌ Stop Loss: $83,850
🎯 TP1: $78,800
🎯 TP2: $77,200
🎯 TP3: $75,883
Why?
BTC is showing rejection around the $80.3K–$80.8K area. If this Elliott Wave count remains valid and Wave (4) is complete, Wave (5) could drive price toward the $75.8K support zone.
⚠️ Invalidation: A strong 1H close above $83.8K invalidates this bearish wave scenario.
Plan: Watch the $80.2K–$80.8K rejection zone. Don’t chase the short if BTC breaks higher.
DYOR. Not financial advice.
