Elliott wave analysis of the market for September 1, 2026 BTCUSD
BTCUSD: BUY 79200, SL 77000, TP 85000.
A month without swaps on majors!
No significantly important changes occurred over the past day. The price traded at the same price levels throughout this time.
However, some interesting developments have emerged. The decline has been halted, and Bitcoin is attempting to start rising.
Most likely, buyer activity will increase in the near future, leading to another strong bullish wave. This is driven by the formation of wave 5 of (iii) extension within the third impulse wave.
Thus, entering long positions in this situation remains a quite promising trading decision.
Investment idea: BUY 79200, SL 77000, TP 85000.
