BTC/USD 4H: Downtrend & Key Support Reversal

7 天前

BTCUSD BTC/USD 4H: Downtrend & Key Support Reversal
Chart Analysis for BTC/USD (Bitcoin) on a 4-Hour Timeframe
1. Identify Trends using Dow Theory
Primary Trend: Downtrend

Lower Highs and Lower Lows: The chart exhibits a series of lower highs and lower lows, indicating a downtrend.

Volume Profile:

High-Volume Nodes (HVNs): Around the 104,910 level, indicating strong resistance.

Low-Volume Nodes (LVNs): Around the 101,587 level, suggesting potential support.

2. Label Elliott Wave Structures
Impulse Waves (1-5):

Wave 1: From 104,910 to 101,587

Wave 2: From 101,587 to 103,781.764 (0.786 Fibonacci level)

Wave 3: From 103,781.764 to 100,681.468 (0.382 Fibonacci level)

Wave 4: From 100,681.468 to 102,492.532 (0.618 Fibonacci level)

Wave 5: From 102,492.532 to 101,670 (current price)

Corrective Waves (A-B-C):

Wave A: At 101,670, potential further decline.

Wave B: Retracement upwards.

Wave C: Continuation of the decline.

3. Apply Smart Money Concepts (SMC)
Liquidity Zones:

Point of Control (POC): Around 104,910, indicating a significant volume concentration.

Value Areas: Between 101,587 and 102,760.

Break of Structure (BOS):

BOS visible around 101,670, suggesting a potential reversal.

Stop Hunts:

Possible stop hunts around the 101,479 level, where the price briefly dips below support.

Accumulation and Distribution:

Using Volume Profile to locate areas of accumulation and distribution.

4. Formulate Buy/Sell Strategies
Buy Strategy:

Entry: Around 101,479 (support level and potential stop hunt area).

TP1: 102,760 (0.618 Fibonacci level).

TP2: 103,781.764 (0.786 Fibonacci level).

SL: Below 101,479 (e.g., 101,000).

Sell Strategy:

Entry: Around 104,910 (resistance level and POC).

TP1: 102,760 (0.618 Fibonacci level).

TP2: 101,587 (potential support).

SL: Above 104,910 (e.g., 105,500).


This analysis integrates Volume Profile, Smart Money Concepts, Elliott Wave Theory, and Dow Theory to provide a comprehensive view of the BTC/USD chart. If you have any further questions or need more details, feel free to ask!
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6 天前

交易進行

Entry: Around 101,479 (support level and potential stop hunt area).

TP1: 102,760 (0.618 Fibonacci level) successful hit