Hello my Tradingview family!.
Thank you for tuning into this short Bitcoin update.
Today I decided to break down the chart as simple as possible.
As you can see the support and resistance are clear.
Elliott wave count showing big picture 3 wave coming.
Elliott waves are also showing a 3 wave coming on the smaller time frames.
With that being said if...
After sitting between the 200 weekly moving average & the 50% retrace/yearly open, we've broken to the downside.
Currently capped by the monthly VWAP.
Untested pitchfork formation
Monthly open @~$6444
Still short off the 200 weekly average
