DreadedShred

Bitcoin w. Long term Elliot Waves

DreadedShred Updated   
INDEX:BTCUSD   Bitcoin
Looking for confirmation on B-C for the weekly, while we complete the 3-4 Monthly. Divergence on price to volume remains strong.

Levels to watch:

$54k (breaks confirmation and potentially makes us reconsider that the 3 on a monthly is actually not in yet and that we could begin looking at $63k and $72k.

Otherwise:
$45k (current support)
$36k (Middle of the point of control)
$27k (Low we should test on the C move.)

Comment:
Looks like confirmation on the weekly BC.

Looking for the A on a daily now around $36k, before the daily AB, and then finally, the daily BC, which should help us close the weekly BC and the monthly 3-4.

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