BTBT / Daily
BTBT — 📊Technical Update (Daily)
As outlined in prior updates, the first corrective move within the ongoing advance of Minute Wave ⓥ found its support right at the apex of the equivalence lines✨— a key structural point within the Leading Diagonal of Intermediate Wave (1).
This reaction continues to support the case for a potential extension in Wave ⓥ of Minor Wave 5, suggesting the uptrend remains intact — with differing degrees of bullish structures still in play.
Breakout confirmation keeps the adjusted $9.10🎯 Fib target in play — +162%📈 upside potential into early December.
Wave Analysis: Based on the Bullish Alt. Scenario (Weekly Frame)
The entire advance since mid-April appears to be unfolding as Intermediate Wave (1) — potentially forming a Leading Expanding Diagonal, shaped like a happy shark!! 🌊🦈🌊🌊
This early structure may be laying the groundwork for much larger impulsive Intermediate advance within Primary Wave ⓷ (not visible on the daily timeframe).
The expanding diagonal signals a broader bullish shift, potentially anchoring a sustained long-term uptrend. Long-term structure continues to build — monitor closely for breakout confirmation and volume support.
🔖 For context, refer to the Weekly Bullish Alt. Scenario published on Oct. 1st.
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source https://www.tradingview.com/chart/BTBT/eMUVJToJ-BTBT-Daily/
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