Chart maps an ABC base into a 5-wave impulse, using the right-hand lower-TF sequence as the template. The step-up “box → retest → expansion → pause → blow-off” rhythm has tracked well so far.
Why ~160k, end-January
• Wave (5) projection: 1.618 extension of 0→3 measured from (4) lands near 160k.
• Upper diagonal/channel intersects that level in late January on the current spacing.
• Measured-move of the prior consolidation added to the wave-(3) high also targets ~158–163k.
• Fractal timeboxing from the reference leg places the climax in the final week of January.
Path
Hold the (4) range → grind into 155–158k → fast exhaustion toward ~160k → distribution.
This is a roadmap, not advice. If prior box highs and the main trendline fail, the timing/target are likely off.
#BTC #Bitcoin #BTCUSDT #BTCUSD #ElliottWave #Fractal
Why ~160k, end-January
• Wave (5) projection: 1.618 extension of 0→3 measured from (4) lands near 160k.
• Upper diagonal/channel intersects that level in late January on the current spacing.
• Measured-move of the prior consolidation added to the wave-(3) high also targets ~158–163k.
• Fractal timeboxing from the reference leg places the climax in the final week of January.
Path
Hold the (4) range → grind into 155–158k → fast exhaustion toward ~160k → distribution.
This is a roadmap, not advice. If prior box highs and the main trendline fail, the timing/target are likely off.
#BTC #Bitcoin #BTCUSDT #BTCUSD #ElliottWave #Fractal
[̲̅$̲̅( ͡❛ ͜ʖ ͡❛)̲̅$̲̅]
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.
[̲̅$̲̅( ͡❛ ͜ʖ ͡❛)̲̅$̲̅]
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.