Local structures (not shown), in confluence with Bitcoin and S&P counts, make it more likely that we're in the x wave of w-x-y-x-z that started March 2024. If it plays out the triple zigzag, I expect the move to play out till end of 2025, possibly middle of Fall to end of the year.
Time-wise, that'll put it at around 1.382 Fibonacci extension from the 2019-2022 run, which is a good place to finish.
Good news is that, with an extended correction (crypto markets have typically seen short and fast corrections), and a double 1-2's since 2015 market, I expect the next bullish wave push to be aggressive and large.
[Warning]
However, with the nature of complex corrective structure of w-x-y's, current w-x-y-x-z can always extend longer by adding another a-b-c or w-x-y to the end of its tail, so 1.618 Fibonacci extension at August 2026 is a possibility.
Time-wise, that'll put it at around 1.382 Fibonacci extension from the 2019-2022 run, which is a good place to finish.
Good news is that, with an extended correction (crypto markets have typically seen short and fast corrections), and a double 1-2's since 2015 market, I expect the next bullish wave push to be aggressive and large.
[Warning]
However, with the nature of complex corrective structure of w-x-y's, current w-x-y-x-z can always extend longer by adding another a-b-c or w-x-y to the end of its tail, so 1.618 Fibonacci extension at August 2026 is a possibility.
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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.