Bitcoin Daily Chart Update Elliott Wave

Hello World!! Today we are going to analyze the price structure of Bitcoin.

As we can see Bitcoin is in Wave 3 heading into a Wave 4, the price had a big absorption in that zone which is good for Bitcoin.

What to do now? We have two options, buy a small percentage and wait for wave 4 to rise and take profit to buy again in wave 5, this wave could be the end of the correction touching prices around $30,000 dollars or less.

The second option would be not to buy and wait for the price to finish falling to wave 5.

Bitcoin would have to touch the following prices in the coming days:
1- $40,200
2- $42,500
3- $44,700

If you bought below $37,000 you can take profit on the $40,200 or take a percentage profit and put a stop loss at the entry price to eliminate the losing scenario.

Good luck!! Remember that only the one who sells loses.

See you!