He noted that chart literacy gives traders the clarity to stay calm during uncertainty. “Our HTF trend is intact and very healthy at current levels,” he wrote, stating that this is visible to anyone who understands how to properly identify market structure. To him, this ability is like a superpower, one that allows traders to see beyond noise and panic, focusing instead on trend integrity and higher-timeframe setups.
The analyst added that traders often misinterpret large invalidation ranges as weakness. However, he maintained that such levels are a normal part of high-timeframe analysis. Whether the gap between spot price and invalidation is 5% or 20%, the important thing is to stay consistent with the structure and not allow emotions to override logic.
CrediBULL Crypto’s chart projection outlines a continuation of Bitcoin’s larger-impulse fifth Elliott Wave. This large impulse wave is subdivided into smaller subwaves. The first subwave has played out successfully with a $37,500 move.
At the time of writing, Bitcoin is trading at $111,120, up by 1.5% in the past 24 hours.
