Hey everyone,
sharing a daily Bitcoin update based strictly on Elliott Wave structure.
From the daily timeframe, the larger-degree bullish cycle that started after the 2022 low appears to have completed Wave I as a clean impulse. The internal wave relationships and proportions respect Elliott Wave rules and suggest trend maturity near the recent highs.
The current downside move is best interpreted as an impulsive decline, pointing toward the development of Wave A within a higher-degree corrective phase.
At this stage, Wave II is more likely to unfold as a zigzag correction, with potential retracement zones around the 38.2% – 50% – 61.8% Fibonacci levels.
A sharper correction remains an alternative scenario, but structurally, the zigzag setup fits better with current wave behavior.
This count remains valid as long as the marked invalidation levels hold and will be adjusted if the market proves otherwise.
sharing a daily Bitcoin update based strictly on Elliott Wave structure.
From the daily timeframe, the larger-degree bullish cycle that started after the 2022 low appears to have completed Wave I as a clean impulse. The internal wave relationships and proportions respect Elliott Wave rules and suggest trend maturity near the recent highs.
The current downside move is best interpreted as an impulsive decline, pointing toward the development of Wave A within a higher-degree corrective phase.
At this stage, Wave II is more likely to unfold as a zigzag correction, with potential retracement zones around the 38.2% – 50% – 61.8% Fibonacci levels.
A sharper correction remains an alternative scenario, but structurally, the zigzag setup fits better with current wave behavior.
This count remains valid as long as the marked invalidation levels hold and will be adjusted if the market proves otherwise.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.