Pampa1
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Bitcoin’s Elliott Update: Flat Correction in Motion.
$BTC
Wave structure just dropped. Eye-catching.
Bitcoin’s latest Elliott Wave breakdown shows a completed Wave 3 (black), preceded by a five-wave sequence in green. Then came a zigzag correction (Wave 2 black), and now what looks like a flat correction is forming (Wave 4 black). After the Wave 3 completion, a three-wave ABC unfolded in black, with Wave C in red marking the end of Wave A of this flat. Next, Wave B in blue is expected to push beyond the end of Wave 3—typical behavior in flat corrections.
It’s a relatable chart. You can almost feel the frustration that comes with corrections. Not explosive, but structure is there. If Wave B breaks above Wave 3, we may get a clearer idea of whether the market is gearing up for another run—or just grinding sideways.
Eyes on the chart. If that blue Wave B pushes higher, the real action may be just around the bend.
Wave structure just dropped. Eye-catching.
Bitcoin’s latest Elliott Wave breakdown shows a completed Wave 3 (black), preceded by a five-wave sequence in green. Then came a zigzag correction (Wave 2 black), and now what looks like a flat correction is forming (Wave 4 black). After the Wave 3 completion, a three-wave ABC unfolded in black, with Wave C in red marking the end of Wave A of this flat. Next, Wave B in blue is expected to push beyond the end of Wave 3—typical behavior in flat corrections.
It’s a relatable chart. You can almost feel the frustration that comes with corrections. Not explosive, but structure is there. If Wave B breaks above Wave 3, we may get a clearer idea of whether the market is gearing up for another run—or just grinding sideways.
Eyes on the chart. If that blue Wave B pushes higher, the real action may be just around the bend.
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