Most likely $BTC Elliott Wave read right now:
W done at $59,930.
X done near $82,833.
Wave A of Y done near $58,000.
This rally toward $82k looks like wave B of Y — corrective and overlapping. Wave C of Y would be the next leg down, likely targeting the lower channel boundary.
Rejection zone is stacking up:
• Price testing upper descending channel boundary
• Rally structure corrective and messy
• Lower high in price while weekly RSI made a higher high — classic hidden bearish divergence
Stay disciplined. If this count holds, the next move down could be sharp. Watch the channel and the divergence closely — structure matters more than hope.
W done at $59,930.
X done near $82,833.
Wave A of Y done near $58,000.
This rally toward $82k looks like wave B of Y — corrective and overlapping. Wave C of Y would be the next leg down, likely targeting the lower channel boundary.
Rejection zone is stacking up:
• Price testing upper descending channel boundary
• Rally structure corrective and messy
• Lower high in price while weekly RSI made a higher high — classic hidden bearish divergence
Stay disciplined. If this count holds, the next move down could be sharp. Watch the channel and the divergence closely — structure matters more than hope.
