TradingView
mattertea
Apr 8, 2018 3:15 PM

Bullish Scenario for BTC wave C Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

This is my most bullish count yet! I've been pretty bearish on BTC for a while, but now that I have my wave count done I can see that its probably in wave C of an ABC correction up after a big 5 wave down. Wave C is usually larger than A, so this is my expectations if that guideline is respected.
After wave C completes, we should see trend continuation, which is DOWN, but only time will tell.

As of this publication, Wave 3 of C (up) has begun, so I'm looking to see some fireworks in the coming day or two.

I'll be posting a bearish C which doesn't come above A, which I think is more likely, but I enjoyed the exercise.
More