Bitcoin Bullish Count Long

Bitcoin all time history indexINDEX

Description

⋅ Aug 21, 2023 5:47 PM

Because of the number of likes of my previous post, I have decided to post one long term bullish count for Bitcoin as promised.

Here's a potential five wave into wave (1) as a leading diagonal. There is no rule violation therefore it could be possible.

Looking for support on the area of previous Minor wave 2 which is, as I highlighted, the area which presents the most volume.

Feel free to ask questions,
If you found this helpful please leave a like and a comment,
Trade safe!

Comments

SwallowPremium

⋅ Aug 23, 2023 6:04 AM

Thanks for the quality explanation, good analysis. Thanks for sharing!

EWFAlessio

⋅ Aug 23, 2023 6:20 AM

@SwallowPremium, Thanks for the comment!

MynameisTeo

⋅ Aug 22, 2023 4:50 AM

I agree, it's one of the possible count and now with biggest probability. I'm open to this 3 scenario:

EWFAlessio

⋅ Aug 22, 2023 7:22 AM

@MynameisTeo, I actually didnt think about the expanding flat in wave 2. Thanks for sharing this. Let's not forget about the possible bearish count though!

MynameisTeo

⋅ Aug 22, 2023 9:46 AM

@EWFAlessio, I will look at bearish count if price go below 0.786 retrace... was on my radar befor ( if you have time watch in "idea post")... now i'm focus on bull side because all move from 15K area looks impulsive and don't look like an ABC anymore