MFFD

BTC in an upwards channel ?!

Long
BYBIT:BTCUSD   None
BTC just crossed the green multi-month resistance level ... which is major bullish already!

Now BTC seems to be in an upwards channel ... with maybe an Elliot Wave count like shown in the drawing.

If the high at point (3) is respected ... both the channel and the Elliot Wave count will be confirmed.

Then the next few weeks will show a more or less sideways action until we reach point (4).

And after that it will be up again ...

What do you think?

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