Kappy

Bitcoin switching to Intermediate bullish count?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
The series of ones and twos for a third wave build up has not yet panned out. It's looking choppy and pulling back to view the longer time frames it looks like a triangle may be forming. This extends the larger ABC count.

The current macroeconomic landscape and geopolitical events may support a rush to cryptocurrency as an alternate or safety trade to local currency devaluations or banks freezing of funds.
Comment: If key support level does not hold, bearish count (in related ideas) continues.
Comment: The bearish count in related ideas looks is playing out. Waiting for more price actions before publishing the latest count.
Trade closed manually: Short-term there was shy of $200 dip in price but the intermediate bullish count clearly won. Targets have been surpassed. Start taking profits if you are long.
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