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.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out