Bitcoin BTC - Explosive breakout soon! + Elliott Wave + Channel
- IF you are an Elliott wave trader, you have to confirm that this is a valid EW count.
- As per my Elliott analysis, this impulse wave (5-3-5-3-5) has been completed successfully together with major ABC correction from 2021.
- On the daily chart we can spot 2 parallel channels and they are both close to a breakout, so with this confluence we can increase our probability!
- Next stop is major previous horizontal resistance + start of the gap + 0.618 FIB (around 36 500 USDT - 37 500 USDT).
- It is possible that we see this low price for the last time, because Bitcoin is very bullish asset and we are on a major support on the monthly scale (from 2017).
- Look at my idea about Bitcoin on the weekly timeframe in the related section down below ↓
- For more ideas please hit "Like" and "Follow"!
