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.
In a previous comment of yours (30/06/22), you claim that it is not possible for BTC to loose 80% of its latest peak value. (Bitcoin Will Not Hit $11,300, That Would Require A 84% Drop!) Look what happened in 2018.
SwallowPremium
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Thanks for the opinion on BTC!
keatingeoghan
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Main fear is usdt dominance its still up 21EMA. I have so many loss as Newbie now i learning. And your Every post inspiration to me. What And happend to usdt dominance last 3 days hanging on 21ema?
26000$--->33000$--->40000$--->50000$ These are main level in 3 next months