Total Quality
Score
If You Had Traded on This Analysis…
Correct
BTCUSDT
Entry 114,191.0000 2025-08-21 03:40 UTC
Target 117,000.0000 In 20 Hours
Fail 111,700.0000
Risk / Reward 1 : 1
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Final PnL
2.46%
P/L:
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BTCUSDT
Correct
Cryptocurrency
Technical
1H
Analysis Predict Range Market
Body
The analyst reviews the BTCUSD chart on a 1-hour timeframe, expressing uncertainty about the completion of the wave 4 correction. He notes the weakness of the recent bounce from the August low. He wants a break above the trendline, but thinks there is not any decisive break yet. The analyst aims to see a break above the green line at $115950. The white count on WXY structure sees a low formed. There are swing lows and Fibonacci support around $113k. Bitcoin's chart is messy, and altcoin charts are clearer. The analyst has a key eye to chart to attempt recovery. Alts lead to clearer interpretations and allow for meaningful lows. Fibonacci resistance standard for a B wave, but on-chain indicators aim towards resistance.
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