Elliot Wave idea for BTC
Targets in Wave 5 (Based on 4-hour chart):
Using Fibonacci extensions:
First Zone: $102,000–$105,000 (short-term resistance from 1.0 extension).
Extended Zone: $110,000–$115,000 (if momentum sustains, aligns with 1.618 extension).
Potential Timeframe:
Wave 5 could complete within few weeks if it follows the usual shorter timeframe dynamics of impulsive waves.
Summary of Time Periods
Phase Time Frame Duration
Wave 5 Peak Q1 2025 (e.g., February) —
A-Wave March–May 2025 1–3 months
B-Wave June–August 2025 2–4 months
C-Wave September 2025–Q1 2026 6–9 months
Bear Bottom Late 2025–Early 2026 —
Example DCA Allocation Plan
Retracement Level Price Range (Approx) Allocation
38.2% (First Buy) $65,000–$70,000 Early entry to capture initial dip.
50.0% (Main Buy) $50,000–$55,000 Major accumulation zone after B-Wave.
61.8% (Deep Value) $35,000–$40,000 Maximize gains during the deepest correction
Using Fibonacci extensions:
First Zone: $102,000–$105,000 (short-term resistance from 1.0 extension).
Extended Zone: $110,000–$115,000 (if momentum sustains, aligns with 1.618 extension).
Potential Timeframe:
Wave 5 could complete within few weeks if it follows the usual shorter timeframe dynamics of impulsive waves.
Summary of Time Periods
Phase Time Frame Duration
Wave 5 Peak Q1 2025 (e.g., February) —
A-Wave March–May 2025 1–3 months
B-Wave June–August 2025 2–4 months
C-Wave September 2025–Q1 2026 6–9 months
Bear Bottom Late 2025–Early 2026 —
Example DCA Allocation Plan
Retracement Level Price Range (Approx) Allocation
38.2% (First Buy) $65,000–$70,000 Early entry to capture initial dip.
50.0% (Main Buy) $50,000–$55,000 Major accumulation zone after B-Wave.
61.8% (Deep Value) $35,000–$40,000 Maximize gains during the deepest correction
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.
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.