🔥 $118K–$132K on the Horizon—But First, a Pullback! 🔥

📉 #Bitcoin has dropped 7%, aligning perfectly with our Elliott Wave analysis. If you locked in profits or stayed out of premature longs, you’re playing this market like a pro.

🔑 Key Levels to Watch:
⚡ Primary Support: $96,000
⚡ Secondary Zone: $94,000–$96,000
⚡ Fibonacci Levels (Potential Targets):
🔹 0.382: $88,600
🔹 0.5: $84,200

🌀 Wave 2 Recap:
Wave 2’s shallow rise led to a sharper pullback after the Ending Diagonal (ED) formation, setting the stage for this vital correction before the next bullish wave.

💡 Strategic Outlook:
✅ Avoid high-leverage longs at current levels.
✅ If $94,000–$96,000 fails, watch $89,000 and $84,000.
✅ Patience is key—wait for confirmations and clear signals before jumping in.

📈 The Bigger Picture:
Once Wave 4 completes, Bitcoin could ignite a rally to $118K–$132K, perfectly aligning with long-term Elliott Wave projections.

Stay ahead of the curve and trade smart—the market rewards the patient and the strategic!

#BTC #Elliottwave #BinanceSignals #Write2Earn! $BTC
$XRP
$DOGE

Elliott Wave Theory, developed by Ralph Nelson Elliott, posits that financial markets move in predictable cycles, driven by investor psychology. These cycles are composed of five waves in the direction of the trend and three corrective waves.

The three main rules in Elliott Wave Theory are:
Wave 2 cannot retrace more than 100% of Wave 1.Wave 3 cannot be the shortest among Waves 1, 3, and 5.Wave 4 cannot overlap the price territory of Wave 1.
These rules help in accurately identifying and confirming the wave patterns in financial markets.
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Elliott Wave Theory categorizes waves into degrees, reflecting different time scales. From Grand Supercycle to Minuette, these degrees help analysts understand and predict market movements across various time frames, making the theory versatile.

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Corrective waves counteract the direction of the primary trend and are composed of three sub-waves, labeled A, B, and C. These corrections can take various forms, including zigzags, flats, and triangles, each with distinct characteristics and patterns

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Impulsive waves are the primary drivers of market trends and adhere to specific rules: Wave 2 cannot retrace more than 100% of Wave 1, Wave 3 cannot be the shortest of the three impulse waves, and Wave 4 cannot overlap Wave 1. These waves can also form in more complex structures like diagonal waves

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