๐ Pair: BTCUSDT (1W / 1D View)
๐ Pattern: Broadening (Megaphone) Formation
๐ Structure: Macro Wave (4) within Wave (5)
โธป
Technical Outlook
Bitcoin has been consolidating inside a megaphone (broadening wedge) pattern a structure often seen in wave 4 corrections.
This phase has been choppy and emotional, shaking out overleveraged positions while institutions accumulate quietly.
Weโre currently testing the lower boundary of this formation, which aligns perfectly with the 0.382โ0.5 Fibonacci retracement of the entire wave (3) leg.
That confluence suggests this could be the final shakeout before the macro wave (5) expansion phase.
โธป
Key Confluences
โข ๐ 0.382โ0.5 Fib retracement from wave (3) high
โข ๐งญ Trend-based Fib 1.0 projection aligns with the lower megaphone line
โข ๐ฅ RSI divergence visible on the daily and weekly momentum cooling, but structure intact
โข ๐งฑ Strong horizontal demand zone overlaps prior subwave (4) area textbook wave (4) behavior
โธป
What to Expect
โข Scenario 1 (Base Case):
Quick liquidity sweep below support (~104โ106k), followed by a reclaim and weekly close above 108k, confirming wave (4) completion.
โก๏ธ Next target zones for wave (5): 150kโ170k (Fib extensions 1.272โ1.618).
โข Scenario 2 (Invalidation):
Weekly close below 98k would extend the correction into a WโXโY structure, delaying the next impulse.
โธป
Summary
โTheyโre shaking the megaphone before the breakout ๐บ the final breath before expansion.โ
Wave (4) corrections are designed to test conviction, not break structure.
If the megaphone pattern holds, the next move could be the parabolic end of this macro cycle.
๐ Pattern: Broadening (Megaphone) Formation
๐ Structure: Macro Wave (4) within Wave (5)
โธป
Technical Outlook
Bitcoin has been consolidating inside a megaphone (broadening wedge) pattern a structure often seen in wave 4 corrections.
This phase has been choppy and emotional, shaking out overleveraged positions while institutions accumulate quietly.
Weโre currently testing the lower boundary of this formation, which aligns perfectly with the 0.382โ0.5 Fibonacci retracement of the entire wave (3) leg.
That confluence suggests this could be the final shakeout before the macro wave (5) expansion phase.
โธป
Key Confluences
โข ๐ 0.382โ0.5 Fib retracement from wave (3) high
โข ๐งญ Trend-based Fib 1.0 projection aligns with the lower megaphone line
โข ๐ฅ RSI divergence visible on the daily and weekly momentum cooling, but structure intact
โข ๐งฑ Strong horizontal demand zone overlaps prior subwave (4) area textbook wave (4) behavior
โธป
What to Expect
โข Scenario 1 (Base Case):
Quick liquidity sweep below support (~104โ106k), followed by a reclaim and weekly close above 108k, confirming wave (4) completion.
โก๏ธ Next target zones for wave (5): 150kโ170k (Fib extensions 1.272โ1.618).
โข Scenario 2 (Invalidation):
Weekly close below 98k would extend the correction into a WโXโY structure, delaying the next impulse.
โธป
Summary
โTheyโre shaking the megaphone before the breakout ๐บ the final breath before expansion.โ
Wave (4) corrections are designed to test conviction, not break structure.
If the megaphone pattern holds, the next move could be the parabolic end of this macro cycle.
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.