Insights 
VT 
Galaxy Digital (NASDAQ: GLXY) is a key player in the digital asset ecosystem, offering financial services for the institutional crypto market. As Bitcoin reaches new all-time highs, Galaxy benefits from increased institutional interest, indicating a bullish trend in the sector.
The Elliott Wave pattern indicates a strong upward trajectory for GLXY. The stock has risen over 1500% from its 2022 low and surpassed its 2021 high of $38, confirming a long-term upward trend. It is currently in Wave (3) of ((3)), a phase known for strong market rallies.
The initial upward targets are between $40.09 and $48.98, with the possibility of reaching $63.38 due to the active Wave III. GLXY is expected to advance further until the five-wave structure is complete. Afterwards, a larger Wave IV correction will offer a new buying opportunity.
GLXY’s upward trend offers resilience during short-term declines. Traders can use price dips to buy positions on daily and weekly charts, following the Elliott Wave strategy for timing. Entry positions are best after the completion of a 3, 7, or 11-swing corrective sequence, guided by the extreme Blue Box system for precise entries. This approach aims to provide clarity for capturing future gains.
With Galaxy Digital benefiting from Bitcoin’s new all-time highs, we are in a confirmed bullish market. The institutional adoption that began with the spot ETFs back in early 2024 has now matured, creating powerful tailwinds for the entire digital asset sector. This macro environment strongly supports further upside for crypto-related equities.
Given the clear expectation of a strong upward move, we should consider buying call options to leverage this momentum in the coming weeks. Focusing on strike prices between $40 and $45 with November and December 2025 expirations would align well with the initial price targets. This strategy provides direct exposure to the anticipated sharp rally.
However, implied volatility in the crypto space has spiked over 30% in the last month, making long calls expensive. A more cost-effective approach would be to use bull call spreads, such as buying a $38 strike call and simultaneously selling a $45 strike call. This caps the maximum profit but significantly reduces the upfront cost and risk.
We must also prepare for the predicted Wave IV correction that will follow this rally. For traders willing to acquire shares on a dip, selling out-of-the-money cash-secured puts is a viable strategy. This allows us to collect premium while waiting for the next strategic buying opportunity mentioned in the analysis.
This pattern is highly reminiscent of the 2021 bull market, where GLXY surged over 1,500% from its lows. The current nesting structure in its price suggests a similar, explosive move is unfolding now. We have seen this before, and the technical setup points to a repeat performance driven by a new wave of capital.
