Bitcoin BTC - New bull market just started! Elliott Wave + Wedge
- The price is currently above 22 000 USD and we have had a capitulation wick to 17 600 USD to kick out high leverage traders.
- I do not see any reason why bitcoin should not respect the previous all time high support from 2017 (around 20 000 USD)!
- Bitcoin on the weekly chart is currently sitting on the main support: Previous 2017 Swing high + 0.382 FIB + ABC correction completed!
- The price is forming a falling wedge pattern, which is definitely a good sign that can lead to a new bullish trend.
- As per my Elliott wave analysis - ABC correction (ZigZag 5-3-5) should be completed successfully and we can start a complete new impulse wave.
- Only Bitcoin is a safe bet for the longterm. It's the best store of value and altcoins are awesome for short-term to mid-term massive gains.
- I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓
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