Eloquent

btc 10\10 update ~

Eloquent Updated   
KUCOIN:BTCUSDT   Bitcoin / Tether
good morning, after taking a deeper look into the whole crypto eco-system
i realized that a lot of the alts are ready to make a pretty nice run from here.
personally, i've picked up some sol, aave, and icp today.

good possibility that btc is about to complete a larger wave 4 correction via an abcde, and should begin that fifth wave to 59~60k into wave (1) on a higher degree before a deeper retracement
i'm counting the whole move from june -> today as a 1-2-3-4-5 with the fifth wave ending at around 60k-ish.
some people have counted the recent drop from the 53k peak as a wave 2, but i'm feeling more like it was a wave 4, due to the nature of how it moved.

lets ride.

💸

Comment:
fib time ratio was met perfectly for this wave 4 as well; looking good so far. lot of shorts were opened this morning in this market, good chance there's going to be one of those fun liquidation wicks which accelerates price to the upside soon.

Comment:
this current rejection is perplexing. i don't know how it fits into this count anymore ~
Trade closed manually

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