BTCUSDT – Elliott Wave Completion → Short Sell SetupPrice action on BTCUSDT appears to be completing a 5-wave Elliott impulse structure inside a rising wedge / channel. Waves (1)–(5) are clearly respected, with Wave (5) now testing a major trendline resistance zone around 91,800–92,000.
Momentum indicators are showing loss of strength near the top, suggesting Wave (5) exhaustion. As per Elliott Wave theory, after a completed 5-wave move, a corrective ABC structure is expected.
Trade Idea:
Bias: Short / Sell
Sell Zone: 92000 – 92,200
Invalidation (SL): Above 92,600 (Wave 5 extension failure)
Targets:
TP1: 90,000
TP2: 88,700
TP3: 87,400 (major demand & channel support)
A breakdown from the upper trendline should accelerate downside pressure toward the lower channel support, aligning with a larger corrective move.
