AlanSantana

Bitcoin's Potential 5 Waves Impulse Move to $38,000 (Daily TF)

Long
BITFINEX:BTCUSD   Bitcoin
We continue moving higher within the Bitcoin timeframes from 1h to 4h and finally 1D (daily).

Here is very simple/potential wave count based on the Elliot Wave Principle for the next impulse move on BTCUSD.

A classic 5 waves structure that push prices beyond $28,000 to $34,000 and above in a matter of 40-60 days.

Note, this potential wave count is fully invalidated on a close below the local low, around $17,600.
This level we won't touch though as this is our local low.

What is your opinion on this wave count?

Thank you for reading and for your continued support.

Namaste.

🔝 100,000+ Altcoins & Bitcoin Charts!
t.me/alansantana1111

🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com

➖ If you now enjoy the content, please consider support below...
👉 lamatrades.com (Since 2017)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.