BITCOIN - BTC | Are We Close to the Top? How Deep Could This Correction Go?
1 extracted signal · 1 resolved · 0 still active
KG TRADING - Crypto Elliott WavesIndependent analyst profile- Source published
- 21 Aug 2026, 10:13 UTC
- Recorded by Tahlil Plus
- 21 Aug 2026, 11:15 UTC
AI-generated source summary
The analysis focuses on Bitcoin (BTCUSDT) on a 1-hour timeframe, identifying a potential ABC pattern leading to a zigzag correction. The current market trend for BTC is bullish, with the price having recently experienced a significant upward movement. The speaker presents a bearish outlook, anticipating a retracement. The key target for this bearish move is estimated around 70,000, with the invalidation level set at 80,000. This means that if the price surpasses 80,000, the bearish scenario would be invalidated. The analysis suggests that the current wave structure might be a larger wave B, leading into a more significant wave C decline. The speaker also notes a 70% bullish vs. 30% bearish probability for a larger scale wave 5 continuation, but the immediate outlook appears to be a correction.
AI-generated summary based on the source content.
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1 eligible signal linked to this case.
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KG TRADING - Crypto Elliott Waves
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Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.