The long-standing consolidation in Bitcoin (BTCUSD) was labeled as a "Triangle Correction" (Wave 4) according to Elliott Wave principles. As of today, the price breaking below the triangle's lower boundary has triggered the final impulsive Wave (5). The Fibonacci 0.618 level at $57,330 stands out as both a technical and psychological support point. If downward continuity persists, this level may mark the terminal point for the entire major correction cycle (Wave Z). To ensure you don't miss these critical reversals and professional trade setups, subscribe to the Ewplans newsletter now!
Charts
Sample Our Elliott Wave Expertise
These free charts offer a glimpse into our Elliott Wave analysis.
For full market insights, timely
updates, and profit-maximizing strategies across all financial instruments, upgrade to our premium
plans.
Turn sample knowledge into trading success!
DISCLAIMER
The information provided on www.ewplans.com is for educational and
informational purposes only and solely as a self-help tool for your own use. It is the responsibility of the viewer to first
consult with a trusted financial advisor or other qualified financial professional before making any investment decisions.
While we strive to provide accurate and up-to-date information, we make no
representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability,
suitability, or availability with respect to the website or the information, products, services,
or related graphics contained on the website for any purpose. Any reliance you place on such
information is strictly at your own risk.
The information provided on this website does not constitute
investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the
website's content as such. EWPlans does not recommend that any cryptocurrency, security,
portfolio of securities, transaction, or investment strategy is suitable for any specific
person.
EWPlans is not responsible for any loss caused by any information
provided on the website. Investing and trading in financial markets or cryptocurrencies can be risky. You should conduct
your own research when making any financial decisions.
The views expressed on this website are those of the authors based on their
experience and expertise. The views expressed on this website are subject to change based on market and other
conditions.
All information is provided "as is" without warranty of any kind.
EWPlans and any respective partners, agents, or affiliates, are not liable for any informational errors, incompleteness, or
delays, or for any actions taken in reliance on information contained herein.
By accessing this website, you agree to the above disclaimer and hold harmless EWPlans and any
of its affiliates, partners, and contributors from any liability.