CakirInsights

A study I conducted to show how to make money in scalping by applying simple Elliott Wave analysis and volume control.Attention: There’s no audio, and when examined carefully, none is needed.

This structure appears to be developing within an ascending channel, potentially completing an ABC correction with a final impulsive move toward the upper trendline. The internal wave count indicates a possible completion of subwave (5) of C near the top.However, bearish divergence in structure and the sharp nature of the previous impulse suggest caution. Two major outcomes are on the table:Continuation Scenario: Price breaks above Wave 5, extending the rally in an overthrow move before reversing.Reversal Scenario: Breakdown from the channel support (~107,000) could drag BTC down toward the broader trendline near 98,000–99,000.This zone aligns with previous wave B support and could serve as a critical retest area.Traders should monitor a break below the wave 4 pivot and channel midline as early signs of weakness. A rejection from the current top without higher highs confirms a potential end of the diagonal.

After completing a clear 5-wave impulsive move, Bitcoin appears to be losing bullish momentum. The price is testing the main ascending trendline, and a breakdown could lead to a deeper correction.The wave count suggests that the 5th wave may already be completed, potentially marking a local top. The key support zone to watch is around $97,740 – a clean break below this level could trigger further downside pressure.📉 Structure: 5-wave impulsive move🟦 Support zone: ~$97,740🔵 Trendline: Currently under test📌 Bias: Bearish below trendline📅 Forecast Date: May 18, 2025⏳ Timeframe: 4HThis is not financial advice. Always manage your risk.

SUI is at a key decision point on the 4H chart. The current structure may either be:a classic impulse wave, with wave (5) still incomplete, ora bearish ending diagonal, suggesting the uptrend is losing strength.If this is an impulse, price could continue toward the upper boundary of the wedge to complete wave (5).However, if this is an ending diagonal, a sharp breakdown could target the support zone around $2.93, near wave (2).📌 Stay cautious until a breakout or breakdown confirms the direction.🕰️ Timeframe: 4H (Binance)📉 Key support: $2.93