Bitcoin is tracing the suggested earlier path of higher to complete a B wave of either a triangle, a flat, or a double zigzag . The last option is becoming increasingly unlikely due to the high levels this proposed X wave reached. The B wave is very close to the required levels for a regular flat , but I won't be surprised if we go to new highs for a running or expanded flat . The drama that will follow in both these cases will be something to watch because the C leg of a flat is quite a beauty and many will not have time to catch their breath. So i caution here towards a market that gets caught on the wrong foot if we make new highs. The triangle scenario is very much valid still , so we will have to see which one pans out. 12,060 is the level to watch to the downside , top of green A, as a drop below that would most likely suggest that the 3 wave advance is complete and we're working on the next leg.
I remind you , Our telegram channel "cowboy crypto markets" discusses more detailed updates and lower time frame charts. If you want to learn more about elliot wave , it's a good place to get live market info and familiarize yourself with the wave counting process.
I remind you , Our telegram channel "cowboy crypto markets" discusses more detailed updates and lower time frame charts. If you want to learn more about elliot wave , it's a good place to get live market info and familiarize yourself with the wave counting process.