Description:
In my previous idea, I mentioned that the cup & handle pattern had already completed and BTC was likely entering wave (4) after topping near $123K in wave (3).
We are now seeing the correction phase begin exactly as anticipated. Price has rejected from the $123K resistance and is moving down, confirming the start of wave (4).
Key Points:
Cup & Handle breakout is complete.
Wave (3) top formed near $123K.
Wave (4) correction in progress — possible retrace into the $60K–$70K zone.
After consolidation, wave (5) could take BTC to new ATHs beyond $160K.
Patience here is key — this corrective wave is healthy before the final push.
Not financial advice.
In my previous idea, I mentioned that the cup & handle pattern had already completed and BTC was likely entering wave (4) after topping near $123K in wave (3).
We are now seeing the correction phase begin exactly as anticipated. Price has rejected from the $123K resistance and is moving down, confirming the start of wave (4).
Key Points:
Cup & Handle breakout is complete.
Wave (3) top formed near $123K.
Wave (4) correction in progress — possible retrace into the $60K–$70K zone.
After consolidation, wave (5) could take BTC to new ATHs beyond $160K.
Patience here is key — this corrective wave is healthy before the final push.
Not financial advice.
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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.