Energeia_Charta

Small update. BTC is likely to be moving in an uptrend now, although the movement might be muted for some time. Meanwhile, some altcoins could really fire up, like BNB, HYPE, DOGE, and a few others. The price is bouncing off the daily pivots and is supported by the moving averages.

It seems like crypto and altcoins are turning up. Is this the beginning of long-awaited altcoin season? DOGE appears to be breaking out of a triangle, the pinnacle of which is the 2025 Point of Control (POC). BTC also seems to be moving upwards.

Experimenting with stop orders on XRP and a few other altcoins. Overnight, the price might be attracted to the daily PIVOT for the next day and then fall again to continue the trend. Elliot Wave charting in altcoins is almost pointless. Instead, I have to rely on simple tricks like pivot levels, POC, and trend indicators. Can continue going down, though.

Experimenting with stop orders on COMPUSDT and a few other altcoins. Overnight, COMPUSDT might be attracted to the daily PIVOT for the next day and then fall again to continue the trend. Elliot Wave charting in altcoins is almost pointless. Instead, I have to rely on simple tricks like pivot levels, POC, and trend indicators. Can continue going down, though.

It looks like we completed the diagonal (wave pattern) last week. Now, in theory, we should be moving upwards. We're currently in a pullback. Friday saw some bad US unemployment news, which triggered a sell-off across the entire market. Some altcoins look particularly weak. And while Bitcoin corrects over the weekend, alts could dump much harder. We're conducting our analysis using key reversal levels, in addition to wave counting—which is, of course, subjective and open to interpretation. Approximate targets are on the chart. I'm not considering a bearish scenario for now, but of course, anything is possible.

It's been a tough month for Bitcoin. Today, we'll likely see a final move down to complete the diagonal of the ABC flat pattern, after which the major upward trend should resume. Due to this ABC flat correction, I've extended my projection for the uptrend's longevity. It is now likely to continue into early next year—though not without some sharp corrections along the way. The S&P 500 is showing a similar direction, indicating a broader market alignment.

Bitcoin may have completed wave (iv), and wave (v) could now be underway. However, a retest of the weekly Point of Control (POC) is still possible. That said, with altcoins showing strength, the overall trend appears bullish.

In the long run, we seem to be in an uptrend. Whether this is part of a corrective wave (2) or if (2) is already over—sending us much higher—we’ll see how the price action develops in 2025-2026. I think we're still in the red, but time will tell. On the 4H chart, this is a quick markup based on an indicator. There’s no point labeling every nested wave—that’s necessary in traditional markets, but in crypto, it’s a Sisyphean task. Too many fluctuations. However, my newly developed indicator from last week suggests that the price is ready to break out of the consolidation range to the upside. Not advice.

BTC appears to be getting rejected at the POC (Point of Control) levels, suggesting a potential retest of the trendline in the coming week before the uptrend continues. However, even if the rally resumes, the price action may form a choppy, diagonal structure rather than a clean impulsive wave.Need to wait until it hits the line and bounces back