Tolberti

Bitcoin BTC - Ready for another pump! Wedge + Elliott Wave

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
  • This is my quick update on Bitcoin on the 4h chart (local price action).
  • Price is still holding the major support zone (21 700 USDT - 22 000 USDT) and that's why my bias is still very bullish!
  • We have an incomplete rising wedge, so there is a great chance for another wave to the upside.
  • As per my Elliott wave analysis - we are basically in the middle of this "huge" Impulse wave!
  • There are a lot of Elliott waves combinations, but i think this is most probable scenario.
  • Look at my ideas about interesting altcoins in the related section down below ↓
  • For more ideas please hit "Like" and "Follow"!

My second alternative Elliott wave count. We have a leading first wave diagonal here.


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.