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.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.