The orange scenario is becoming increasingly likely. A break above the green trendline at $81'270 would invalidate the white scenario.
Bitcoin is following the plan...
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Solana is correcting as expected in a wave 4. As long as the main support zone between $88.396 and $95.996 holds, SOL could still push higher.
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he 50-week MA, along with the daily RSI, suggests that a bearish trend may be developing. However, I wouldn’t rule out one more high before a larger correction begins.
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With another move higher, oil could extend into a five-wave structure and complete wave 3. The alternative scenario would be a larger ABC correction.
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Solana, like Bitcoin, is likely heading into Wave 4. As long as SOL remains below the $106.50–$107.50 resistance zone, I expect the correction to continue lower
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My primary scenario remains unchanged. I’m also labeling this Wave 4 correction as a W-X-Y formation. If Bitcoin breaks above the B-wave high, the yellow scenario would take over.
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The oil chart has probably bottomed in Wave 2. Oil could now be on its way toward the 100% extension of Wave 3, located at $93.18.
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The micro support zone for the Wave 4 pullback is defined between $102.7 and $108.6. As long as SOL finds support within this zone and subsequently turns higher, the primary scenario of a completed or developing Wave 4 remains intact.
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Solana is currently working on its Wave 4 correction. The uptrend would be invalidated if Solana breaks below support at $88.421.
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Bitcoin might be pushing lower in a C-wave. Resistance is located between $71,083 and $75,573. The C-wave should form a five-wave move to the downside. A direct breakout would need to break above the $81,250 level, which marks the B-wave top.
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Bitcoin is on its way towards the $82'600 area.
A break above the green trendline at $82'857 would suggest that Wave 2 is invalidated and the alternative B-Wave scenario becomes relevant.
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The biggest advantage of Elliott Wave is that it naturally creates asymmetric opportunities. If I can identify a setup where my downside is clearly defined but my upside remains open-ended, I don't need to know the future. I simply need the reward potential to justify the risk I'm taking. That's very different from prediction. That's probability management.