Technical analysis by Portfolio_Punt about Symbol BTC: Buy recommendation (9/4/2025)

Portfolio_Punt

Chart maps an ABC base into a 5-wave impulse, using the right-hand lower-TF sequence as the template. The step-up “box → retest → expansion → pause → blow-off” rhythm has tracked well so far. Why ~160k, end-January •Wave (5) projection: 1.618 extension of 0→3 measured from (4) lands near 160k. •Upper diagonal/channel intersects that level in late January on the current spacing. •Measured-move of the prior consolidation added to the wave-(3) high also targets ~158–163k. •Fractal timeboxing from the reference leg places the climax in the final week of January. Path Hold the (4) range → grind into 155–158k → fast exhaustion toward ~160k → distribution. This is a roadmap, not advice. If prior box highs and the main trendline fail, the timing/target are likely off. #BTC #Bitcoin #BTCUSDT #BTCUSD #ElliottWave #Fractal