BTC - 4H Elliott Wave Analysis
2025-01-30
Category: None

Greetings, here is our 4H Elliott Wave Count for Bitcoin.

We briefly touched the 0.5 FIB at 97680 USD of our white Wave 2 support area.
It is unclear yet if the low is in but we technically can count a five wave move up on the lower timeframes. If the low is in we expect an impulse to the upside in a five wave move displayed in green here. The green Wave 1 seems to be in and we are working or finished the green Wave 2.

The green Wave 2 support sits between the 0.5 FIB at 100743.2 USD and the 0.786 FIB at 98996.5 USD. After green Wave 2 is in we expect a green Wave 3 which could take us close to the ATH.

It is possible that we get one more dip into the white Wave 2 support area before moving to the upside. But that wouldn't be a big issue as we still got some room.

The white Wave 2 support sits between the 0.5 FIB at 97682.3 USD and the 0.786 FIB at 92667.2 USD. Additionally we put the next or optimal target for the orange Wave Y on the chart which sits at the 1 to 1 FIB at 95594.1 USD. 

Noteworthy is that the 1 to 1 FIB at 95594.1 USD of the orange Wave Y sit right on 0.618 FIB at 95613.1 USD of the white Wave 2 support. But technically we reached the minimum target for a orange Wave Y already at the 0.618 FIB at 99377.0 USD.

A break of the 0.786 FIB at 98996.5 USD of the green Wave 2 support area is the first indication that we will reset white Wave 2 lower.

Additionally we added some price targets to the upside which could function as resistances.
These sit at the 1.236 FIB at 112958.8 USD, the 1.382 FIB at 115760.8 USD and the 1.618 FIB at 120391.7 USD.

Be aware that we have high impact news later today.
Federal Funds Rate followed by the FOMC statement which can lead to volatility.

Thanks for reading.

NO FINANCIAL ADVICE.

