Bitcoin showing off its Potentials
Updated
Hey everyone,
I’ve put together this comprehensive BTC market analysis for those eager to understand the likely progression following the recent market surge. This deep dive will cover the full expectations for the extended leg of wave 5, breaking down each subwave for clarity. Let's dive in!
This analysis explores the anticipated trajectory of wave 5 and its complex subwave structure, illustrating each phase in a simple, clear manner.
Starting off, wave 5 itself is composed of multiple subwaves. We can observe that the initial wave under wave 5 (wave (i)) developed within a rising wedge pattern, which is clearly displayed on the chart. After the breakdown from this rising wedge, wave (ii) followed, marking a corrective move. Next, wave (iii) of 5 began, characterized by a bullish flag and pole formation. This bullish momentum aims to drive BTC to a targeted area of around 78K–80K, which is expected to serve as the completion of wave (iii) of 5. At this level, we anticipate the onset of wave (iv) of 5.
The provided chart is structured to make these movements easy to follow and understand, even if you’re new to Elliott Wave theory. If you’ve been tracking our recent BTC updates, this latest surge should come as no surprise. In fact, some of our prior analyses have accurately predicted this market move. Here are some of the relevant past analyses for reference:
Mid-Term Road Map for Bitcoin: This chart outlines the possible mid-term roadmap for BTC, providing a structured view of the anticipated trend.
BTC’s Broadening Wedge Formation: This analysis simplifies BTC’s recent moves, showcasing a descending broadening wedge formation. Here, I emphasized that BTC is not in a bearish phase, offering insights into the underlying strength of the current trend.
Bitcoin’s Bullish Potential: This final analysis provided an early signal of the impending bull run, highlighting the structure and technical indicators that pointed toward the current bullish momentum.
Each of these analyses has contributed valuable insights into BTC’s recent trajectory, aligning well with the current market performance. We’ll continue to monitor BTC’s movements closely, with an eye on wave (iii) of 5 reaching its final target before transitioning to wave (iv).
Stay tuned, and feel free to share your thoughts on our outlook!
I’ve put together this comprehensive BTC market analysis for those eager to understand the likely progression following the recent market surge. This deep dive will cover the full expectations for the extended leg of wave 5, breaking down each subwave for clarity. Let's dive in!
This analysis explores the anticipated trajectory of wave 5 and its complex subwave structure, illustrating each phase in a simple, clear manner.
Starting off, wave 5 itself is composed of multiple subwaves. We can observe that the initial wave under wave 5 (wave (i)) developed within a rising wedge pattern, which is clearly displayed on the chart. After the breakdown from this rising wedge, wave (ii) followed, marking a corrective move. Next, wave (iii) of 5 began, characterized by a bullish flag and pole formation. This bullish momentum aims to drive BTC to a targeted area of around 78K–80K, which is expected to serve as the completion of wave (iii) of 5. At this level, we anticipate the onset of wave (iv) of 5.
The provided chart is structured to make these movements easy to follow and understand, even if you’re new to Elliott Wave theory. If you’ve been tracking our recent BTC updates, this latest surge should come as no surprise. In fact, some of our prior analyses have accurately predicted this market move. Here are some of the relevant past analyses for reference:
Mid-Term Road Map for Bitcoin: This chart outlines the possible mid-term roadmap for BTC, providing a structured view of the anticipated trend.
BTC’s Broadening Wedge Formation: This analysis simplifies BTC’s recent moves, showcasing a descending broadening wedge formation. Here, I emphasized that BTC is not in a bearish phase, offering insights into the underlying strength of the current trend.
Bitcoin’s Bullish Potential: This final analysis provided an early signal of the impending bull run, highlighting the structure and technical indicators that pointed toward the current bullish momentum.
Each of these analyses has contributed valuable insights into BTC’s recent trajectory, aligning well with the current market performance. We’ll continue to monitor BTC’s movements closely, with an eye on wave (iii) of 5 reaching its final target before transitioning to wave (iv).
Stay tuned, and feel free to share your thoughts on our outlook!
Trade active
Bitcoin is progressing toward completing subwave (iii) of wave 5, which also aligns with the target of the established bullish flag. Our immediate target range remains in the 78K to 80K area.
Note
BTC grinding higher gradually
Trade closed: target reached
As predicted the full target of sub wave iii of wave 5 is completed, right now let wait for potential correction. New update will follow after this. Congratulations to us.
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📩 Advert/Partnership: t.me/WESLAD
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