Energeia_Charta

Seems like the crypto rally and altseason are on hold for now.

I'm starting to reconsider my bullish outlook on BTC. The correction in some major altcoins has been quite severe. Looking at the S&P 500, which is rallying sharply while BTC is falling (a pattern that often occurs at a market top), I'm beginning to think that Bitcoin and the crypto market as a whole are already in a corrective phase that could last for several weeks.

Bitcoin continues to move within the framework we've been mapping out for a while now. In crypto, unlike commodities, the waves are way too complex and nested. That's why relying solely on wave counts or any single specific scenario is pretty much pointless. Leveraged trading in crypto is like a bank heist: you see your signal, you go in, you grab the cash (or take a bullet to the shoulder), and you get the hell out without looking back. But unlike other markets, crypto offers insane opportunities to diversify your trades across different assets. The chart for BTC is looking bullish right now (ElliottWave count, moving averages support and also mind Fair Value Gaps), so I'm going hunting for opportunities on all the alts and shitcoins in my watchlist.

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.