BTC Expanding Triangle Whipsaw Pattern (Elliott Wave)
2025-01-20
Category: None

The last few weeks on BTC have formed a huge whipsaw pattern, constantly faking out in each direction. This is common for an expanding triangle pattern, and this current triangle also has very good time relations (and lack of fibonacci price relations). Wave-e also broke beyond the a-c trendline as is standard for expanding triangles.

Last week I said that we'd get one final run up to the highs and BTC would double top while some alts made new all time highs. This is exactly what has happened, and based on this expanding pattern, as well as the longer-term chart that I published in December, I believe the top is in for the rest of the year.

The next move down should be extremely large and violent, probably ending somewhere around $30k towards the middle of this year. The b-wave recovery after that will likely be slow and followed by another c-wave before we finally end this major correction sometime in 2026.