From the first look, and according to the Elliott rules, Bitcoin rose from the bottom in three waves, not five waves. This is a corrective rise, not a motive, and it is supposed to visit the bottom again.
All data has been shown on the chart and based on Elliott rules
Note: The analysis fails if it closes above the C region, which is $32000
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
All data has been shown on the chart and based on Elliott rules
Note: The analysis fails if it closes above the C region, which is $32000
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
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Comment:
There is a lot of support from below and strong weekly support so far. If the decline does not occur soon, this analysis will be canceled.
