Bitcoin Ending diagonal formation

3月15日

Bitcoin's macrostructure exhibits a well-defined impulsive motive wave sequence, currently progressing within a terminal Wave 5, forming a potential Ending Diagonal pattern.

The ascending trendline serves as a key structural support level, sustaining the broader bullish trajectory. Price action has confirmed a series of higher highs and higher lows, characteristic of a strong bullish market structure.

The critical resistance level around $73,500 aligns with prior wave peaks. The projected completion of the motive wave structure targets approximately $166,800-$180,000, where a major corrective wave sequence (ABC Zigzag or Flat) is anticipated.

The confluence of dynamic support levels, including the ascending trendline and previous structural highs, suggests a corrective retracement toward the $70,000–$75,000 region before potential re-accumulation.

Failure to maintain this immediate support as shown on the chart could expose deeper retracement zones near the secondary demand zone. Do let us know what you think of Bitcoin in the comment section.

3月15日

註釋

From a mid-term perspective, the waves remain closely aligned, with Wave 4 maintaining structural integrity within this count. For the Ending Diagonal formation to remain valid, the primary demand zone must hold as a critical support level. Fingers crossed let see how the market will play.

3月16日

註釋

Potential short term pattern, this will be validated when price regain above 84250 as the neckline with the target towards 92k.


Meanwhile Micro update will still follow soonest.

3月16日

註釋

Price is still targeting a reclaim of the neckline; let's observe the next developments.

3月16日

交易進行

The immediate support zone is expected to facilitate a rebound toward the 89K target, aligning with the upper boundary of the descending channel. However, if the price fails to break above the 90K level, a deeper retracement remains likely. The updated chart illustrates this scenario in detail.

5月22日

註釋