Elliot Wave idea for BTC 
2024-12-08

Targets in Wave 5 (Based on 4-hour chart):
 Using Fibonacci extensions: 
First Zone: $102,000–$105,000 (short-term resistance from 1.0 extension).
Extended Zone: $110,000–$115,000 (if momentum sustains, aligns with 1.618 extension).

 Potential Timeframe: 
Wave 5 could complete within few weeks if it follows the usual shorter timeframe dynamics of impulsive waves.

 Summary of Time Periods 
Phase	        Time Frame	                Duration
Wave 5 Peak	Q1 2025 (e.g., February)	—
A-Wave	        March–May 2025	        1–3 months
B-Wave	        June–August 2025	        2–4 months
C-Wave	        September 2025–Q1 2026	6–9 months
Bear Bottom	Late 2025–Early 2026 	—

 Example DCA Allocation Plan 
Retracement Level	Price Range (Approx)          Allocation
38.2% (First Buy)	$65,000–$70,000		Early entry to capture initial dip.
50.0% (Main Buy)	$50,000–$55,000		Major accumulation zone after B-Wave.
61.8% (Deep Value)	$35,000–$40,000		Maximize gains during the deepest correction