BTC Big Move Coming Soon! Detailed Elliot Wave Count

We all know BTC is in the symmetrical triangle since late June this year. Where are we going next? Which wave are we on in the triangle?

We believe the next major BTC movement is coming soon with an upward bias. Symmetrical triangles generally form as the 4th Impulsive Wave, which is followed by another wave
in the same general direction. Detailed wave counts and entry zones are listed in the chart above.

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Comment:

The current action could potentially indicates we are still in the A leg of the final triangle wave. We are waiting for the following conditions to get into the potential final move:

1. Price hitting triangle support zone marked above
AND
2. 1HR "Take Profit" Signal in the bear trend or 1HR long entry signal or 1HR clear RSI oversold bullish divergence (under 30, and around 9 candles.)
OR
3. A clear 5 wave structure going downwards. Even though corrective waves are hard to count, all C-waves have a clear 5 wave structure.

In the mean time, we are scalping longs in alt coins as they currently have bigger upward momentum compared to BTC.

Let us know if you have any questions or comments. We are here to help!

Comment:

Our first laddering zone at 10k already got hit. However, we are taking profit here and waiting for the lower laddering zones to get hit. This is because the conditions in the last comment have not been fulfilled yet.

Comment:

Where is the exact laddering zone? See the post below.