The Bitcoin Bottom Is NOT In (Elliott Wave)
1 extracted signal · 0 resolved · 1 still active
BitcoinHyperIndependent analyst profile- Source published
- 18 Oct 2026, 09:11 UTC
- Recorded by Tahlil Plus
- 18 Oct 2026, 09:43 UTC
AI-generated source summary
The analysis on BTCUSDT suggests a bearish outlook based on Elliott Wave theory, specifically identifying a zigzag ABC correction pattern on the weekly timeframe. The price action is interpreted as completing the B wave and initiating a major C wave decline. The predicted target for this C wave is around $40,000, with a failure bound set above $95,000, invalidating the bearish thesis. The analysis also incorporates support from daily and multi-day timeframes, highlighting a bearish divergence on the RSI and MACD indicators. Price action on the daily and 2-day charts shows higher highs on price with lower highs on the RSI, a classic bearish divergence. The MACD also shows bearish divergence with lower highs on the indicator while price makes higher highs. The projected trajectory for the C wave aims for the 50% Fibonacci retracement level of the prior major impulse wave, around $41,489, and potentially extending towards the 1.272 Fibonacci extension level at approximately $34,990.
AI-generated summary based on the source content.
Signal outcomes at a glance
Tracking LiveSignals in this source
Evidence and evaluation progress
- Original source published
The analyst published the original source item.
- Source recorded by Tahlil Plus
The public source was preserved as the evidence record for this case.
- Market predictions extracted
1 eligible signal linked to this case.
- Outcome tracking started
Tahlil Plus began monitoring the extracted predictions.
- Source processing completed
Source analysis and structured extraction completed.
- Live evaluation in progress
1 signal remains active.
BitcoinHyper
Platform-wide history, separate from this source evaluation.
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.