Timeframe: 4H
Bias: Bullish Reversal
Setup Type: End of C-Wave + 5-Wave Ending Diagonal + Break of Structure (BOS)
Market Context
From your chart:
Price completed an A–B–C corrective structure, with the C-wave finishing inside a descending wedge/ending diagonal.
Wave counts (1) → (5) suggest a completed 5-wave down.
Price is currently sitting in a red demand zone / inducement zone.
A Break of Structure (BOS) already occurred on the lower timeframe, signaling a possible trend reversal.
The setup aligns with a bullish reversal from a mitigation zone.
BUY Opportunity for BTCUSDT
BUY ENTRY ZONE
$95,200 – $97,800
Bias: Bullish Reversal
Setup Type: End of C-Wave + 5-Wave Ending Diagonal + Break of Structure (BOS)
Market Context
From your chart:
Price completed an A–B–C corrective structure, with the C-wave finishing inside a descending wedge/ending diagonal.
Wave counts (1) → (5) suggest a completed 5-wave down.
Price is currently sitting in a red demand zone / inducement zone.
A Break of Structure (BOS) already occurred on the lower timeframe, signaling a possible trend reversal.
The setup aligns with a bullish reversal from a mitigation zone.
BUY Opportunity for BTCUSDT
BUY ENTRY ZONE
$95,200 – $97,800
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.