Elliott waves analysis

The price has confidently moved higher, defying expectations for a continued correction. As a result, the correction now appears less structured, but likely takes the form of a double zigzag. If this wave interpretation is correct, we can expect a prolonged impulsive rally, marking the beginning o

Bitcoin has started to follow the anticipated bearish scenario. As expected, buyers failed to break the local high, forming an upward zigzag. This confirms that the move was corrective in nature—likely wave b within a zigzag or wave ii of a developing downward impulse. Both scenarios imply further

The ending diagonal pattern in wave 5 appears to be complete. The index has started to move lower, and this may mark the beginning of a significant downward move. There is strong potential for a deep corrective decline at the very least—and possibly the start of a larger impulsive drop. Since both