IREN / WeeklyIREN LIMITEDBATS:IRENElliottChartIREN 📈 Wave Analysis: Bullish Alternative Scenario 🚀 According to this bullish alternative on the weekly chart, a Leading Diagonal may have formed as Primary Wave 1 (circled) — a potentially bullish structure that began in December 2022 and unfolded over nearly two years, followed by a brief Zigzag retracement in Primary Wave 2 (circled). With this wave structure in effect, the Primary uptrend in Wave ⓷ is likely underlying. Its initial advance in Intermediate Wave (1) may have completed, with a retracement in Intermediate Wave (2) potentially unfolding before the year's end. Following that, an impulsive Intermediate Wave (3) could emerge, with the 1.618 Fibonacci extension projecting a target of $480🎯 — consistent with the strong momentum typically seen in extended third waves. 📑 >> The alternative bullish scenario allows for a potential nested (1)-(2), 1-2 structure, which implies a longer consolidation phase — a prolonged buildup — before the larger third-wave extensions accelerate within the impulse sequence. #IREN #DataCenters #BitcoinMining #CryptoMining #AIStocks #HPC #BTC #Bitcoin #BTCUSD #CleanEnergy #RenewableEnergy #MarketAnalysis #StocksToWatch #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #FibLevels #FinTwit #TradingView #investing IREN BTC BTCUSD BITCOIN