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Bitcoin BTC - New bull market just started! Elliott Wave + Wedge
Bitcoin / TetherUS
Long
Bitcoin BTC - New bull market just started! Elliott Wave + Wedge
Di UnknownUnicorn2537518
Segui
Segui
21 lug 2022
8
7
62
62
21 lug 2022
The price is currently above 22 000 USD and we have had a capitulation wick to 17 600 USD to kick out high leverage traders.
I do not see any reason why bitcoin should not respect the previous all time high support from 2017 (around 20 000 USD)!
Bitcoin on the weekly chart is currently sitting on the main support: Previous 2017 Swing high + 0.382 FIB + ABC correction completed!
The price is forming a falling wedge pattern, which is definitely a good sign that can lead to a new bullish trend.
As per my Elliott wave analysis - ABC correction (ZigZag 5-3-5) should be completed successfully and we can start a complete new impulse wave.
Only Bitcoin is a safe bet for the longterm. It's the best store of value and altcoins are awesome for short-term to mid-term massive gains.
I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
Bearish Trend Line
Broadening Wedge
BTCUSD
BTCUSDT
Bullish Flag
Descending Channel
Elliott Wave
Falling Wedge
Fibonacci Retracement
Growth
Support and Resistance
Zigzag
UnknownUnicorn2537518
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