BITCOIN - Daily View

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BITCOIN - Daily ViewBitcoin all time history indexINDEX:BTCUSDWicktatorFXZooming into the daily timeframe, the wave (4) correction is playing out as a W-X-Y pattern. Wave (W) completed as an ABC into the $57,000 region. Price is now developing wave (X) — an ABC corrective bounce heading into the sell zone between $80,000–$87,000 (0.382–0.5 Fibonacci retracement). That sell zone is where we expect wave (X) to complete and wave (Y) to begin. Wave (Y) is the final leg lower, targeting the buy zone around $45,000–$57,000 to complete wave (4) of the ending diagonal. At this stage: - Wave (W) is complete - Wave (X) is developing toward the sell zone - Wave (Y) lower into the buy zone is expected to follow Plan - Watch for price to reach the sell zone - Enter short on a lower-timeframe trendline break for confirmation - Target the buy zone below for wave (Y) completion Once wave (4) completes, the final wave (5) higher toward 150k–200k begins. Goodluck and as always, trade safe!