ElliottWave

Bitcoin’s recent price action has left traders debating whether the bottom is already in or if more downside is still on the table. The latest rally, while strong, appears to have unfolded in only three waves rather than the more structured five-wave impulse that Elliott Wave theory often requires to confirm a clear bullish leg. This incomplete structure opens the door to two possible paths in the days ahead.

Scenario 1: Corrective Wave B → Deeper Wave C Sell-Off
The first scenario suggests that the recent move was a corrective rally forming Wave B of a larger corrective structure. If this view plays out, Bitcoin could face another leg lower in the form of Wave C, targeting the $103,000–$100,600 range. This would essentially trap late buyers and flush out weak hands before the next significant leg higher. Traders considering this scenario should be cautious with fresh long positions until confirmation arrives, as the risk of another sharp correction remains high.

Scenario 2 (Primary View): Final Shakeout Completed
My primary outlook is more constructive. The sharp drop we just witnessed may have represented the final shakeout, completing a corrective phase and setting up a second 1–2 wave structure. If this count is correct, it means the bottom is already in, and Bitcoin is preparing to resume its upward march. This second 1–2 setup would be highly bullish, as it implies strong continuation potential and aligns with Bitcoin’s broader macro uptrend.

Key Levels to Watch
Immediate Support: $109,971. A break below this level would invalidate the bullish second 1–2 setup and likely confirm a deeper correction is underway.

Bullish Targets: If the bullish count holds, Bitcoin could reclaim momentum toward $115K+, with further extensions targeting $120K–$125K over the coming weeks.

Bearish Targets: Should the corrective path unfold, traders should look for downside targets between $103K and $100.6K, where strong demand is expected to emerge.

Trading Strategy
✅ Long entries are reasonable in the current zone for traders aligning with the bullish second 1–2 wave outlook, as the risk/reward remains attractive. Position sizing and tight risk management are critical here.

❌ Invalidation comes with a decisive break below $109,971, which would favor a corrective extension and delay the bullish breakout.

Conclusion
While uncertainty remains due to the incomplete three-wave structure, the broader setup continues to favor bulls. Either the market is in the last stages of a corrective dip, or we have already seen the low and Bitcoin is gearing up for a new leg higher. In both cases, the risk of entering shorts at current levels appears limited, while long setups with proper stop-loss management offer compelling potential.

For now, I remain optimistic: the odds lean toward the bottom being set and Bitcoin preparing for its next bullish leg.

$BTC #crypto #ElliottWave

#crypto #ElliottWave

Bitcoin’s recent price movements have many traders questioning whether we’ve already hit the bottom, or if more losses are still in the cards. The current rally has been strong, but it’s only shown three waves so far — not the full five-wave structure Elliott Wave theory would expect for a confirmed bullish impulse. Because that structure is incomplete, there are two main scenarios to watch in the coming days.
Scenario 1: Wave B Corrective → Deeper Wave C Drop

In this scenario, the recent upswing is interpreted as Wave B of a larger correction. If this plays out, Bitcoin might drop further in a Wave C phase, possibly heading toward $103,000–$100,600. Such a move could catch late buyers off guard and shake out weaker hands before any stronger rally resumes. For traders considering longs, it’s wise to wait for confirmation before entering — this path suggests risk remains high.
Scenario 2 (Favored): Final Shakeout Over, Bottom in

The more bullish outlook suggests the recent sharp decline acted as the final shakeout — marking the end of a corrective phase. If this view is correct, Bitcoin has already found its low, and we’re now seeing the beginning of a second 1-2 wave structure. That means the market could now be positioning for a fresh push upwards, consistent with the larger long-term trend.
Key Levels to Monitor

Type Level(s) Importance

Immediate support ~$109,971 If price drops below this, it would undermine the bullish scenario and likely mean more correction.
Bullish targets ~$115,000+; possible extension toward $120,000–$125,000 If the upside momentum holds, these are likely levels.
Bearish targets ~$103,000–$100,600 If correction continues, these zones may act as strong support zones.
Trading Approach

✅ Long Entries may make sense for those aligning with the bullish outlook, especially if risk can be tightly managed.

❌ Invalidation: A decisive break below ~$109,971 would favor the bearish scenario and suggest deeper downside ahead.
#BTC #Bitcoin #ElliottWave #CryptoAnalysis

a make-or-break support zone between $235 and $241. This is the moment of truth that will decide if the recent pullback is a brief pause or the start of a deeper correction. Here’s a breakdown of the key scenarios. 👇
The Critical Support Test 🔍
The $235-$241 region is a key micro support area. From an Elliott Wave perspective, a successful hold here would confirm a potential wave 4 bottom. The correction that started in early September already fits the criteria for a valid wave 4, and if this level holds, we could be looking at the start of the next leg up.
Scenario 1: Bullish Breakout 🚀
If $SOL holds the $235–$241 support, it could signal the beginning of a wave 5 rally. This move could take the form of a final leg up, potentially pushing the price higher. This aligns with an "ending diagonal" pattern, which, while not as powerful as a classic impulse wave, still leaves room for a significant push to the upside.
Scenario 2: The Correction Continues 📉
The previous bounce from the September 15th low was weak and lacked impulsive strength. This raises a red flag that the correction may not be over. If this is the case, $SOL could break below the current support and retest deeper levels, potentially targeting the $229–$222 zone. This would also align with the broader wedge trendline on the charts.
Key Levels To Watch: 🎯
$235: The absolute must-hold level to maintain the bullish case. A loss of this support would be a strong bearish signal.
$229–$222: The next major downside target if the primary support fails.
$252–$253: A key resistance level where the recent rally was rejected. Breaking this level would be a major sign of strength.
Bottom Line: The market is at a critical decision point for Solana. The price action over the next few days in the $235–$241 zone will be crucial. Patience is key. Watch how the chart reacts to these levels before making a move.
#SOLANA #CryptoAnalysis #TradingStrategy #ElliottWave

hashtags, based on the information you provided and incorporating the current market context.
$ETH Calm Before the Storm? ⛈️
Ethereum has been consolidating for four weeks, and while it's been a sideways grind, the daily chart tells a bigger story: this is a healthy consolidation phase before the next potential move!
🔎 The Bigger Picture
$ETH is holding strong, staying above the August lows (~$4,150) but below the all-time high (~$4,950). This range-bound action is classic Wave 4 correction behavior.
🛡️ Key Support Levels to Watch:
Fibonacci Zone: $4,150 - $3,374
Ascending Trendline: This dynamic support is moving higher, a bullish sign.
200-day MA: A major long-term support at ~$3,360.
So far, ETH is respecting these levels, showing real resilience.
📈 Upside Scenarios:
From an Elliott Wave perspective, the next impulsive move could be to the upside. Here's what's on the radar:
Early Bullish Confirmation: A break above $4,768 would be the first signal.
Next Targets: Potential resistance levels at $5,233, $5,815, and even $6,400.
⚖️ The Triangle Pattern:
On shorter time frames, ETH is forming a triangle pattern (ABCDE). This typically resolves with a sharp breakout. The market is coiling, waiting for its moment.
🔻 Downside Levels to Monitor:
Even with bullish signs, it's crucial to manage risk:
First Warning: A break below $4,210.
Major Invalidation: A break below $4,150 could lead to a deeper correction towards broader support zones.
The market is in a crucial phase. Be patient, watch the key levels, and get ready for a potential breakout!
#Ethereum #ETH #CryptoTrading #TechnicalAnalysis #ElliottWave

currently executing a pullback from its recent highs. The question on every trader's mind is whether this is a healthy corrective move or the start of a deeper decline. Let's break down the technicals. 💥
📈 The Elliott Wave Scenario
Based on Elliott Wave theory, the current price action looks like a classic "Wave 4" correction. This type of pullback is normal and necessary after a strong impulsive rally. The key is that it should not retrace too deeply.
📊 Key Levels to Watch Closely:
Immediate Resistance: The $250 zone has proven to be a tough ceiling.
Wave 4 Support Zone: We are looking at a critical support range between $217 and $236.
Fibonacci Retracements:
38.2% Fib at ~$229 - A common and healthy retracement level for a Wave 4.
50% Fib at ~$223 - A deeper, but still valid, retracement.
The "Invalidation" Level: The most important level is $217. If SOL breaks decisively below this point, the bullish diagonal pattern would be in question, and a larger correction could be in play.
🎯 What's Happening Now?
The 1-hour chart shows a clear three-wave corrective structure, which is typical for a Wave 4 pullback. We've already seen a dip to around $232, which aligns perfectly with the 38.2% Fibonacci retracement. Buyers have shown up, but a retest or a move toward the $223-224 zone would still be a healthy development.
🔮 The Bigger Picture:
If this Wave 4 correction holds and completes, the next phase is a powerful "Wave 5" rally. The projected target for this final leg is in the $360-$380 range. This remains the primary bullish roadmap.
Keep a close eye on these levels. The way Solana reacts in this zone will likely determine its trajectory for the coming months.
#Solana #sol #CryptoTrading #ElliottWave #TechnicalAnalysis