BITF Wave Analysis — Bullish Alternative Scenario📈
The formation of an Expanding Leading Diagonal in Primary Wave ⓵ hints at a transitional phase from prior bearish exhaustion into a bullish accumulation. This early-stage motive structure often precedes strong impulsive advances and supports the broader case for Cycle Wave III (not shown in this frame) potentially is underway.
Following this, Primary Wave ⓶ completed a deep corrective retracement, terminating near the 78.6% Fibonacci level of Wave ⓵ — a commonly observed retracement depth for second waves following diagonals in the wave one position. This deep correction likely served to neutralize remaining bearish sentiment, clearing the path for the initiation of Primary Wave ⓷.
Technical Commentary (Within Primary Impulsive📈 Wave ⓷)
Currently within Primary Wave ⓷, the ongoing impulse of Intermediate Wave (3) has paused near the apex of the equivalence lines drawn from the Expanding Leading Diagonal in Wave ⓵ — a key confluence zone in my personal technical framework.
This area represents a notable technical inflection point, where price is interacting with structural geometry from the base of the trend — potentially a reactive zone before further continuation.
Using Fibonacci extension measurements, the projected target for the completion of Primary Wave ⓷ lies near $30🎯, which would represent a 967% gain from current levels.
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.