Bitcoin Update– Complex X Wave Completed, New Pattern in Pla
📊 Chart Update | Advanced Structure Analysis
We’ve just completed a multi-layered X wave as part of a larger correction:
🔷 Zigzag (off-screen, higher timeframe)
🔷 X Wave structure included:
🔹 Contracting Triangle
🔹 Small timeframe x wave (thrust)
🔹 Classic Flat correction
This entire sequence forms a validated complex X wave, as per Glenn Neely’s NeoWave guidelines.
Now, a new pattern has begun on the higher timeframe:
🔷 Wave A = :3
🔷 Wave B = :3
Based on this, we are likely entering one of the following:
🔷 Flat Pattern
📈 If Wave C develops as :5, expect a strong, impulsive upward move.
🚀 This would mark the final leg of a classic A–B–C Flat.
🔷 Contracting or Running Triangle
🔁 If Wave C unfolds as :3, the market may form a triangle (C–D–E still pending).
⏳ Expect sideways movement with shrinking volatility.
🔷 Diametric Pattern
📐 If price action develops rhythmically past C, we may be inside a 7-legged Diametric.
🔄 Structure would progress to Waves D–G in a balanced fashion.
---
What’s Next?
👁 Watch Wave C closely:
🔹 If it’s emotional and impulsive → 📈 Likely a Flat
🔹 If it’s slow and overlapping → 🔁 Triangle or Diametric
Stay alert — the next move will confirm the dominant pattern!
BTCUSDT
We’ve just completed a multi-layered X wave as part of a larger correction:
🔷 Zigzag (off-screen, higher timeframe)
🔷 X Wave structure included:
🔹 Contracting Triangle
🔹 Small timeframe x wave (thrust)
🔹 Classic Flat correction
This entire sequence forms a validated complex X wave, as per Glenn Neely’s NeoWave guidelines.
Now, a new pattern has begun on the higher timeframe:
🔷 Wave A = :3
🔷 Wave B = :3
Based on this, we are likely entering one of the following:
🔷 Flat Pattern
📈 If Wave C develops as :5, expect a strong, impulsive upward move.
🚀 This would mark the final leg of a classic A–B–C Flat.
🔷 Contracting or Running Triangle
🔁 If Wave C unfolds as :3, the market may form a triangle (C–D–E still pending).
⏳ Expect sideways movement with shrinking volatility.
🔷 Diametric Pattern
📐 If price action develops rhythmically past C, we may be inside a 7-legged Diametric.
🔄 Structure would progress to Waves D–G in a balanced fashion.
---
What’s Next?
👁 Watch Wave C closely:
🔹 If it’s emotional and impulsive → 📈 Likely a Flat
🔹 If it’s slow and overlapping → 🔁 Triangle or Diametric
Stay alert — the next move will confirm the dominant pattern!
BTCUSDT 
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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.
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.