$BTC
We have just witnessed a classic correction of the Elliott wave ending at wave (4) — and right at the confluence of:
✅ A strong support zone (highlighted in green)
✅ Support from the trendline of previous higher lows
✅ Volume peak confirming demand — classic VSA (Volume and Spread Analysis) buy signal
🟩 A very likely upward movement of Wave (5) is now in play, targeting the zone of 108,787+.
📈 Forecast:
Entry Zone: $107,100 – $107,600
Target: $108,700+
Stop-loss: Below $107,000 (to invalidate the wave structure)
💥 With the increase in buying volume and a clean structure, momentum strongly favors bulls in the short term. A break of the descending triangle will likely trigger more upside!
🔥 Traders: Don’t miss this movement. Structure + Volume = Accurate Setup
📉 Bears, beware — the liquidity trap has just closed in your zone.