🚨 $BTC at $67,449 | Is Wave C Done and next impulse🚀🚀🚀 or Is $63K Next?
The Nov. 13 Binance BTCUSDT perpetual 4H chart is still bearish. The previous downside targets at $73,000 and $71,400 were both reached, and Bitcoin printed a low of $67,449. RSI fell to 16.7 while the MACD histogram stayed negative.
🌊 The current ABC count
Wave A fell to $72,691, Wave B rebounded to $74,771, and Wave C extended to $67,449. That low is a candidate for the end of C and the larger W–X–Y correction. A fresh low invalidates the rebound count from that level.
⚡ What would confirm the next impulse?
A 4H close above $70,000 and a successful retest would support a countertrend ABC rebound toward $72,700. A five-wave advance, followed by a pullback that holds above $67,449 and a break through $74,771, would make the bullish impulse case stronger. A 4H close below $67,449 followed by a failed reclaim favors bearish continuation toward $65,000 and $63,000.
🟠 For spot holders
Use $67,449 as a level to reassess downside exposure. If you’re considering adding, watch for a confirmed reclaim of $70,000 before acting on the oversold RSI alone.
🎯 For futures traders
• Short scenario: After a 4H close below $67,449 and a failed reclaim, watch $67,400–$67,450. SL $68,800. TPs $65,000 and $63,000. Look for RSI below 40 and a negative, falling MACD histogram.
• Countertrend long: After a 4H close above $70,000 and a retest that holds, watch $70,000–$70,100. SL $68,500. TPs $72,700 and $74,771. Look for RSI above 35 and a rising MACD histogram on two closed candles.
Which confirms first: a $70K reclaim or a $67,449 breakdown? 👇
#BTC #bitcoin #ElliottWave #BinanceSquare #ElliottWaveTheory
The Nov. 13 Binance BTCUSDT perpetual 4H chart is still bearish. The previous downside targets at $73,000 and $71,400 were both reached, and Bitcoin printed a low of $67,449. RSI fell to 16.7 while the MACD histogram stayed negative.
🌊 The current ABC count
Wave A fell to $72,691, Wave B rebounded to $74,771, and Wave C extended to $67,449. That low is a candidate for the end of C and the larger W–X–Y correction. A fresh low invalidates the rebound count from that level.
⚡ What would confirm the next impulse?
A 4H close above $70,000 and a successful retest would support a countertrend ABC rebound toward $72,700. A five-wave advance, followed by a pullback that holds above $67,449 and a break through $74,771, would make the bullish impulse case stronger. A 4H close below $67,449 followed by a failed reclaim favors bearish continuation toward $65,000 and $63,000.
🟠 For spot holders
Use $67,449 as a level to reassess downside exposure. If you’re considering adding, watch for a confirmed reclaim of $70,000 before acting on the oversold RSI alone.
🎯 For futures traders
• Short scenario: After a 4H close below $67,449 and a failed reclaim, watch $67,400–$67,450. SL $68,800. TPs $65,000 and $63,000. Look for RSI below 40 and a negative, falling MACD histogram.
• Countertrend long: After a 4H close above $70,000 and a retest that holds, watch $70,000–$70,100. SL $68,500. TPs $72,700 and $74,771. Look for RSI above 35 and a rising MACD histogram on two closed candles.
Which confirms first: a $70K reclaim or a $67,449 breakdown? 👇
#BTC #bitcoin #ElliottWave #BinanceSquare #ElliottWaveTheory
