Bullish Bitcoin from a Bigger picture?
many analysts are getting bearish
but could recent movement play out perfectly in an elliot wave counting?
If yes, we'll see BTCUSD go up higher and faster on wave 3
I don't see this as impossible as every count has been obeying rules and fibs
Currently price is finding support at 200MA and Fib extension target of 123%
And for BTCUSD to prove itself, it has to cut through several major resistance levels
Do not dismiss it as impossible!
Sometimes it merely take a single news or price action to determine the beginning of a new trend, and especially so in cryptos
i think it'd be wise if we sit on the sideline to watch how BTCUSD unfolds subsequently
Good trading!
but could recent movement play out perfectly in an elliot wave counting?
If yes, we'll see BTCUSD go up higher and faster on wave 3
I don't see this as impossible as every count has been obeying rules and fibs
Currently price is finding support at 200MA and Fib extension target of 123%
And for BTCUSD to prove itself, it has to cut through several major resistance levels
Do not dismiss it as impossible!
Sometimes it merely take a single news or price action to determine the beginning of a new trend, and especially so in cryptos
i think it'd be wise if we sit on the sideline to watch how BTCUSD unfolds subsequently
Good trading!
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