Bitcoin appears to be completing Wave 4 and getting ready for the next bullish impulse (Wave 5).
The structure looks clean and follows classical Elliott Wave symmetry.
📊 Wave count:
Wave 1 → 107.2k → 117.8k
Wave 2 → retrace to 108.3k
Wave 3 → strong move to 126.4k
Wave 4 → correction into the 0.382 Fibonacci zone (~118.5k) → BUY ZONE
📈 Projected Wave 5 targets (Fibonacci extensions):
0.618 × Wave 1 → ~125k
1.0 × Wave 1 → ~129k
1.618 × Wave 1 → ~135k
💚 BUY ZONE: 118k–122k
📉 Invalidation: daily close below 117.8k
📍 Expectation: a strong bullish continuation soon — potential breakout toward 130–135k if momentum confirms.
⚡ “Wave 5 loading… the final impulse before correction.”
#BTC #ElliottWave #Crypto #Bitcoin #Trading
The structure looks clean and follows classical Elliott Wave symmetry.
📊 Wave count:
Wave 1 → 107.2k → 117.8k
Wave 2 → retrace to 108.3k
Wave 3 → strong move to 126.4k
Wave 4 → correction into the 0.382 Fibonacci zone (~118.5k) → BUY ZONE
📈 Projected Wave 5 targets (Fibonacci extensions):
0.618 × Wave 1 → ~125k
1.0 × Wave 1 → ~129k
1.618 × Wave 1 → ~135k
💚 BUY ZONE: 118k–122k
📉 Invalidation: daily close below 117.8k
📍 Expectation: a strong bullish continuation soon — potential breakout toward 130–135k if momentum confirms.
⚡ “Wave 5 loading… the final impulse before correction.”
#BTC #ElliottWave #Crypto #Bitcoin #Trading
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.