empty
17.02.2025 10:42 AM
Wave analysis of BTC on February 17. Crypto market like calm sea

This image is no longer relevant

The wave count on the 4-hour chart for the BTC/USD pair looks entirely clear. After a long and complex corrective structure a-b-c-d-e, which was formed from March 14 to August 5, a new impulsive wave began to form, which should and already has taken a five-wave form. Judging by the size of the first wave in this structure, the fifth wave could be shortened. Based on this, I do not expect Bitcoin to rise above $110,000 - $115,000 in the coming months.

I also draw attention to wave 4, which consists of three elements, confirming the correctness of the current wave count. The news background supported Bitcoin's rise due to the constant influx of news about new investments from institutional traders, governments of some countries, and pension funds. However, Trump's policies may cause investors to leave the market, and the trend cannot remain nonstop bullish. The current external appearance of the supposed wave 2 in 5 raises doubts about it being wave 2 in 5. I tend to believe that the upward sequence of the trend has already ended.

Bitcoin remains in a limited range

The BTC/USD exchange rate has changed little over the past week. Essentially, Bitcoin remains within a sideways range, and the amplitude of movements in the past week is extremely weak. Moreover, a smaller sideways range formed within the wider sideways range, where Bitcoin traded over the past week. Thus, there are currently no significant movements in the market. If there are no movements, opening new positions is pointless. No doubt, the range-bound market will end sooner or later, but when exactly?

There are also virtually no news. From time to time, various reports from the cryptocurrency world arrive, but none of them have any impact on the flagship cryptocurrency. The market is still waiting. I believe that it is not waiting for news or global events. The market is waiting for a major player to indicate the next direction for the cryptocurrency.

For the past month, I have consistently said that I do not expect new growth for Bitcoin. A decline to $70,000–$80,000 might not happen either, but guessing is pointless. Currently, a complex corrective structure is still underway. Once signs of its completion appear, the wave count can be reconsidered, and new conclusions can be made. It can be assumed that the beginning of a new corrective section of the trend, its first wave, is being formed now. However, Bitcoin will have difficulty dropping below $88,858, as there are few sellers in the market, and they are very weak.

This image is no longer relevant

Key takeaways

Based on the wave analysis of BTC/USD, I conclude that the growth of the instrument is nearing its end or has already ended. This may be an unpopular viewpoint, but the fifth wave has turned out to be shortened. If this is indeed the case, we can expect a collapse or a complex correction. For now, everything points to a complex correction. Therefore, I would not recommend buying cryptocurrency at this point. If Bitcoin drops below the low of wave 4, it will confirm the transition of the instrument into the bearish sequence.

On the higher wave scale, a five-wave upward structure is visible. Therefore, a corrective downward structure or a downward segment of the trend will begin soon.

Key principles of my analysis:

  • Wave structures should be simple and clear. Complex patterns are difficult to trade and often change.
  • If you are uncertain about the market trend, it's better to stay out.
  • There is no 100% certainty in price direction. Always use Stop Loss orders to protect your positions.
  • Wave analysis can be combined with other analytical methods and trading strategies for a more comprehensive approach.
Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Analisis Teknikal Pergerakan Harga Intraday Matawang Kripto Doge, Jumaat 23 Mei 2025.

Pergerakan harga mata wang kripto Doge pada carta 4 jam menunjukkan bahawa ia sedang bergerak di atas WMA (21) yang mempunyai cerun menaik, manakala penunjuk Pengayun Stochastic pula bersedia untuk

Arief Makmur 09:04 2025-05-23 UTC+2

Analisis Teknikal Pergerakan Harga Harian Matawang Kripto Ripple, Jumaat 23 Mei, 2025.

Jika kita melihat carta 4-jam bagi mata wang kripto Ripple, ia kelihatan bergerak di atas WMA (21) yang mempunyai cerun curam dan berjaya menembusi Tahap Nilai Tinggi (kuning) dan kemudian

Arief Makmur 09:04 2025-05-23 UTC+2

Ramalan Bitcoin untuk 23 Mei 2025

Pada hari Khamis, harga Bitcoin telah mencapai paras sasaran 111,770. Pengayun Marlin kelihatan tertinggal di belakang pergerakan harga, memberikan gambaran kemungkinan berlaku perbezaan arah (divergence) — walaupun dalam bentuk yang

Laurie Bailey 04:45 2025-05-23 UTC+2

Bitcoin menyasarkan paras $120,000? Apakah yang mendorong kenaikan ini dan bilakah pembetulan harga dijangka berlaku

Pada 22 Mei, Bitcoin dengan yakin berjaya melepasi tahap $111,888, mencatat rekod tertinggi baharu pada $111,867. Tidak seperti kenaikan sebelum ini yang dicirikan oleh kegembiraan pelabur runcit, kali ini tingkah

Ekaterina Kiseleva 16:12 2025-05-22 UTC+2

Bitcoin meneruskan kenaikan dengan yakin

Tuntutan terhadap Bitcoin nampaknya semakin meningkat, berdasarkan prestasi terkininya. Pada masa penerbitan, pasangan BTC/USD didagangkan berhampiran 111,200.00, sedikit menurun daripada paras tertinggi hari ini dan sepanjang masa iaitu 111,865.00. Secara

Jurij Tolin 16:02 2025-05-22 UTC+2

Bitcoin: $115,000 — Destinasi Seterusnya atau Perangkap Kenaikan?

Bitcoin secara beransur-ansur menghampiri paras tertinggi sepanjang masanya dan, menurut beberapa penganalisis, bersedia untuk mencipta rekod baru. Paras semasa sekitar $105,000 adalah lebih daripada sekadar angka ia menandakan bahawa aset

Ekaterina Kiseleva 00:58 2025-05-21 UTC+2

Analisis BTC/USD pada 20 Mei, 2025

Corak gelombang pada carta 4 jam untuk BTC/USD telah menjadi lebih kompleks dalam beberapa bulan terakhir. Kami telah menyaksikan struktur menurun pembetulan, yang menamatkan pembentukannya di sekitar tahap 75,000

Chin Zhao 11:11 2025-05-20 UTC+2

Analisis Teknikal Pergerakan Harga Harian Matawang Kripto Ethereum, Jumaat 16 Mei 2025.

Jika kita melihat carta 4 jam, mata wang kripto Ethereum kelihatan bergerak di atas WMA (21) yang bertindak sebagai sokongan dinamik, di mana cerun WMA tersebut sedang menaik. Berdasarkan maklumat

Arief Makmur 06:09 2025-05-16 UTC+2

Analisis Teknikal Pergerakan Harga Harian Kriptowang Uniswap, Jumaat 16 Mei 2025.

Pada carta 4 jam, mata wang kripto Uniswap kelihatan mempunyai corak Descending Broadening Wedge, jadi walaupun pergerakan harga Uniswap berada di bawah WMA (21) yang mempunyai kecenderungan menurun, dengan kemunculan

Arief Makmur 06:09 2025-05-16 UTC+2

Cadangan Dagangan untuk Pasaran Kriptowang pada 9 Mei

Bitcoin telah melepasi $100,000, manakala Ethereum sedang cuba untuk mengukuh di atas $2,000. Selepas kenaikan mendadak semalam, yang berterusan semasa sesi Asia hari ini, Bitcoin kini didagangkan pada $103,000, setelah

Miroslaw Bawulski 09:46 2025-05-09 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.