Total Quality
Score
If You Had Traded on This Analysis…
Fail

BTCUSDT
Entry
120,067.0000
2025-08-11
14:14 UTC
Target
133,691.0000
Fail
119,338.0000
In 4 Hours
Risk / Reward
1 : 19
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Final PnL
-0.61%
P/L: —
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Body
The video provides a technical analysis of Bitcoin (BTCUSD) on the daily timeframe, noting that Bitcoin continues to follow a projection for higher prices. It suggests the potential for a new all-time high during the current week. The analysis focuses on identifying probable scenarios using Elliott Wave principles, while discounting scenarios that do not align with Elliott Wave guidelines. The current price is above $121,000, holding above the previous all-time high from May. The pullback was corrective, holding a higher low. Wave 5 of 3 is projected, targeting at least $133,691. A micro support area to maintaining the uptrend is around 119,338. As long as the price action stays above that the trend is up, also, the wave should get to at least the 138% extension a 123,641 so eventually 130k.