Bitcoin is looking really clean here. After weeks of sideways grind inside what looked like a consolidation trap, the structure has finally matured into something meaningful, a classic bullish flag breakout layered inside a broader Elliott Wave count.
What really stands out is how the flag structure (B → C) formed a smooth pullback after the strong A → B impulse. That was the pole. Now we’ve broken out of the flag, and momentum is picking up again, likely heading into wave (3) of the new leg pointing towards D.
This isn’t just about a flag the entire move is developing inside a wide ascending channel, and price is following it almost perfectly. The bullish momentum coming off the breakout zone is clean, no choppiness just strong candles and impulsive drive.
We might get a short-term breather (sub-wave 4 of current wave 3), but structure suggests more upside is likely as long as price holds above that $113K–$115K zone.
What I'm Watching Right now:
Measured move from the flag and wave count both point up there, so I’ll be watching for minor pullbacks as entry opportunities.
Personal Take
I like when patterns align naturally not forced. This one’s got that nice blend of momentum, structure, and price behavior. I’m not rushing entries here, but will scale into dips if price holds support and volume confirms.
Have you spotted this setup on your end too? Drop your view in the comments always keen to see how others are reading this.
Follow for clean, no hype market breakdowns.
What really stands out is how the flag structure (B → C) formed a smooth pullback after the strong A → B impulse. That was the pole. Now we’ve broken out of the flag, and momentum is picking up again, likely heading into wave (3) of the new leg pointing towards D.
This isn’t just about a flag the entire move is developing inside a wide ascending channel, and price is following it almost perfectly. The bullish momentum coming off the breakout zone is clean, no choppiness just strong candles and impulsive drive.
We might get a short-term breather (sub-wave 4 of current wave 3), but structure suggests more upside is likely as long as price holds above that $113K–$115K zone.
What I'm Watching Right now:
- Support zone: $113K – $115K
- Short-term target: $123-$127K
- Final projection (if channel holds): $140K–$145K
Measured move from the flag and wave count both point up there, so I’ll be watching for minor pullbacks as entry opportunities.
Personal Take
I like when patterns align naturally not forced. This one’s got that nice blend of momentum, structure, and price behavior. I’m not rushing entries here, but will scale into dips if price holds support and volume confirms.
Have you spotted this setup on your end too? Drop your view in the comments always keen to see how others are reading this.
Follow for clean, no hype market breakdowns.
Trade active
Price has followed through nicely on our previous setup, with wave (3) fully extending and now pushing into the projected supply region around $125K. A short-term reaction from this zone is likely, with the immediate demand zone at $116K–$118K offering a potential re-entry area for wave (4) pullback.
If the corrective dip holds that demand base, the next bullish leg (wave 5) could aim for the $132K region.
Structure is intact momentum remains strong, and dips are still for buying as long as key levels hold.
Note
The previous bullish continuation formation still in play.
Note
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.