Bitcoin’s recent pullback to $76K has sparked concerns among traders, but for those following Elliott Wave 2.0, this correction is nothing more than a textbook WXYXZ retracement after a powerful 1-2-3-4-5 impulse wave.
Wave Structure: A Perfect Setup for the Next Move
Wave 1 began around $50K, kicking off the strong uptrend.
Wave 5 peaked at $107K, completing the impulsive move.
The current decline to $76K aligns perfectly with a wave-2-style correction, which is essential before the next leg up.
WXYXZ Correction: The Smart Money Entry Zone
In Elliott Wave 2.0, A WXYXZ correction is a natural and necessary part of market cycles. This isn’t a sign of weakness—it’s a cooldown before the next explosive run.
The Next Leg Up: Preparing for Wave 5
According to Elliott Wave 2.0, the cool gains come from Wave 5, which follows a WXYXZ correction. With Bitcoin cooling off at key Fibonacci levels, the next move could send it past $140K+ in the coming months.
With Institutional demand remains high, and spot Bitcoin ETFs continuously absorbing supply.
The halving effect is still in play, historically driving BTC to new highs post-event.
Smart money isn’t panicking—they’re accumulating. This correction isn’t a crash, it’s a reset before the next parabolic wave. 🚀
Wave Structure: A Perfect Setup for the Next Move
Wave 1 began around $50K, kicking off the strong uptrend.
Wave 5 peaked at $107K, completing the impulsive move.
The current decline to $76K aligns perfectly with a wave-2-style correction, which is essential before the next leg up.
WXYXZ Correction: The Smart Money Entry Zone
In Elliott Wave 2.0, A WXYXZ correction is a natural and necessary part of market cycles. This isn’t a sign of weakness—it’s a cooldown before the next explosive run.
The Next Leg Up: Preparing for Wave 5
According to Elliott Wave 2.0, the cool gains come from Wave 5, which follows a WXYXZ correction. With Bitcoin cooling off at key Fibonacci levels, the next move could send it past $140K+ in the coming months.
With Institutional demand remains high, and spot Bitcoin ETFs continuously absorbing supply.
The halving effect is still in play, historically driving BTC to new highs post-event.
Smart money isn’t panicking—they’re accumulating. This correction isn’t a crash, it’s a reset before the next parabolic wave. 🚀
Trade active
im in at 82k, targeting $140k+. Trade closed manually
I closed my long, and put a long order at 83k. if it goes up from here my longs will be activated short term we might drop.
Note
total upside ahead of us
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.