Unlike other #altcoins , Chainlink has shown a pattern of significant ups and downs.
Based on this pattern, it appears to follow the Elliott Wave 1212 structure.
After the 1212 wave, there is typically a large #upward movement. This is because the next wave, Wave 3, tends to be significantly strong.
Current Situation It is still too early to say that the correction has been completed. Currently, trading volume is decreasing, but if it increases again, a clear direction is likely to emerge.
Key Point Keep an eye on Bitcoin's movement, as it plays an important role in determining the overall market trend.
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It seems that Bitcoin has been showing signs of an uptrend since January 1, 2025. However, to confirm a definitive #upward trend, Bitcoin must rise to at least $98,000.
Therefore, I’ve prepared two potential scenarios for today:
Scenario 1: #RunningFlat Formation In this scenario, Bitcoin's movement resembles a running flat pattern. If a running flat occurs, it suggests that the correction has ended and that Bitcoin is eager to rise quickly. This pattern is characterized by the price not falling below the A wave and instead showing an upward trend. For this kind of upward movement, Bitcoin needs to reach at least $98,000, as mentioned earlier.
Scenario 2: Continuing WXY #ComplexCorrection In this scenario, the WXY complex correction, which I’ve mentioned before, is still ongoing. If this is the case, Bitcoin may drop further to around $83,000, where the Y wave is expected. The current movement could be a temporary rebound, with the downtrend likely to continue.
Considering these two scenarios, it’s advisable to trade cautiously and focus on risk management.
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Ethereum Classic recently rose to $39 and is now undergoing a correction.
From a chart perspective, the $24.5 level is highly significant.
This is because I believe $24.5 marks the starting point of a new wave.
If Ethereum Classic does not drop below $24.5, I anticipate a potential 3-3 wave #upward movement.
In the short term, a #risingwedge pattern is forming.
I am unsure whether this indicates an impulse wave or if there will be one more wave down after a fourth wave correction, but it seems the correction might be nearing its end.
As long as the price does not fall below $24.5, I expect a significant #upward movement.
#Bitcoin Chart Analysis Today, my thoughts remain divided between two perspectives: I’ve prepared one #bullish scenario and one #bearish scenario. 1. #Bullish Scenario - The previous upward movement is viewed as an impulsive wave. - The corrective wave is being considered as a WXY pattern, specifically a 335-X-535 wave. - If the $95,600 support level holds, there is a possibility of an upward movement.
2. #Bearish Scenario - The previous upward movement is analyzed as an ABC wave pattern. - In this case, the correction would likely be seen as a 12345 downward impulse. - If so, there is potential for a drop to as low as $80,000. - However, confirmation of a major decline would require Bitcoin to fall below $90,000. - Until then, a significant downward movement is less likely.
Summary In today’s scenarios, there’s a common point for a short-term long position, but if Bitcoin declines, we should prepare for the possibility of a major drop.
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There are no changes compared to the three scenarios I mentioned yesterday:
1. A correction is still possible, and if the price falls below $99,000, the depth of the #correction could be significant.
2. It is confirmed that two #impulse waves have formed. As such, I believe trading long positions within the green line would be a good strategy.
3. The third scenario also shows two #impulse waves, with the assumption that the price will not fall below $101,550. However, if it drops below $103,000, this third scenario will be invalidated.
Both bullish and bearish perspectives are present today. Additionally, considering the #FOMC meeting is taking place, it’s worth factoring that into your analysis.
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Today's Bitcoin chart analysis has been prepared from three different perspectives.
Since this is a region where both upward and downward #movements coexist, I have considered these three scenarios:
1. ABC Uptrend with Potential Drop #Below $99,000 While this is a possibility, considering the overall picture, it appears to be the least likely scenario.
2. 1212 Perspective Two #impulse waves have formed, and the correction appears to be completing within the green line, leading to a significant upward move.If this plays out, Bitcoin could reach $120,000 in the near future.
3. An Alternative 1212 Perspective The wave count differs from Scenario 2 but is still a valid possibility, which is why I included it here.
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Looking at the KAIA coin chart, it appears to have formed an impulse wave in the shape of ABCDE after a correction.
Following this, another converging ABCDE pattern has emerged on the upside.
This leaves us with two possibilities: 1. Will it #decline as part of a single ABC correction? 2. Or will it hold support at 395 KRW and move #upward ?
If it moves upward from here, there is a chance for a significant rally.
It might not react immediately today, but if it’s ready, I believe it will move soon.
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#Bitcoin Chart Analysis I am approaching today’s Bitcoin market with a #bullish perspective.
First, let me address the potential for a downturn. If Bitcoin falls below $100,500, we should consider the possibility of some level of correction.
Otherwise, I believe the current wave structure is setting up for a significant #upward movement.
To explain the chart in more detail: On a larger scale, the chart appears to be progressing in a 3-3 wave pattern, and I am assuming that the 3-2 wave has concluded with a short WXY correction.
Within this context, I interpret the ongoing movement as part of the 3-3-1 wave, specifically the 3-3-1-3 wave currently in progress.
Therefore, in the short term, $100,500 remains a critical level. Future analysis may require adjustments based on price action.
For today, I am anticipating a substantial rise.
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#ETC Chart Analysis I believe the #EthereumClassic chart is ready for an upward movement.
It seems that an impulse wave has been completed, followed by a #corrective wave (ABC - 335).
Of course, the key factor here is #Bitcoin's movement.
If Bitcoin’s correction concludes and it begins to rise, Ethereum Classic appears to be fully prepared for takeoff, which could lead to a significant #upward movement.
If this rally truly materializes, setting the first target at $44 seems reasonable.
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It's been a while since I analyzed the #Polygone ecosystem chart. In my previous chart analysis, I anticipated a rise in Polygon, and fortunately, it has indeed moved #upward .
Currently, I believe one impulse wave has been completed, and the correction seems sufficient at this point.
Based on this perspective, I think it’s quite likely that it could surpass $1 during this bull market.
However, this does not mean it will rise immediately. Instead, it implies that $1 is a reasonable target if a bull market begins.
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#immutable , like other altcoins, is currently positioned in one of two possible scenarios.
The first scenario suggests the formation of an impulse wave, followed by a correction, and then a subsequent #upward movement. While most would hope for an upward scenario, given Bitcoin's current state, it's not guaranteed.
The second scenario involves a deeper correction, completing a complex #adjustment . This scenario would be invalidated if the price rises significantly above TP#1. Until then, this possibility remains valid.
I've conducted a chart analysis based on yesterday's double bottom and potential #upward movement.
However, today's market seems a bit risky.
Therefore, I've analyzed the chart from two perspectives.
The first scenario suggests an impulse wave formation, indicating the need for further #upward movement following the numbered yellow circles. For this scenario to materialize, we would need one more upward wave.
The second scenario is a simple #downward correction within a complex adjustment. If this occurs, there's a possibility of a drop below $90,000.
Given these possibilities, the current position is crucial.
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The #Megalink chart appears to have completed an impulse wave. During the recent #Binance Chain Demo Day, the price rose significantly but subsequently corrected due to Bitcoin’s decline and profit-taking.
Currently, at this price level, there has been significant trading volume over the past few days, indicating a shift in positions and the presence of buyers.
In such scenarios, it’s important to anticipate either a substantial rise or a sharp decline.
If the platform launches and the game operates successfully on Web3, the outlook becomes highly positive.
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