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KG TRADING - Crypto Elliott Waves05 Sept 2025, 19:06 UTC
AI-generated source summary
The analysis begins with an intraday review of Bitcoin, observing initial upward movement due to news, followed by a subsequent sharp decline, typical of news-driven market behavior. The intraday analysis indicates the completion of wave five potentially, suggesting a longer ABC correction towards a 1-to-1 Fibonacci level, possibly hitting near wave two at approximately 114831.13. A bearish scenario entails a diagonal leading downward, followed by a short ABC. Key Fibonacci retracement levels are noted, with the 0.886 retracement already breached. The Triple 1-2 structure remains a possibility. The presenter emphasizes a very fast drop of the price suggesting a bearish signal. The Daily chart presents a bearish ABCD scenario, with target price around 73421.64 and potential to extend to 67030.91, forming an Expanding Flat. The presented scenarios assume completion around Late December. The expert expresses caution about very high retracements during the predicted downtrend.
AI-generated summary based on the source content.
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Signals in this source
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KG TRADING - Crypto Elliott Waves
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.
