Bitcoin Trading Idea | Next BIG Swing | Elliott Wave (4H)

Bitcoin Trading Idea | Next BIG Swing | Elliott Wave


BTC/USD - 4H Chart

Intermediate (3) (green) Structure - Bullish Impulse
Elliott Wave Channel in Minor 5 (green).

Intermediate (4) (green) - Running Contracting Triangle
ABCDE Structure (turquoise), with expectations for a Bullish Break-out.

Intermediate (5) (green) - Favorable Technicals
- Ascending Channel
- Hidden Bullish Divergence
- Sideways Correction & Continuation Pattern
- 38.2% Fibonacci Retracement of Intermediate (3)(green)
- Vibration Zone & Point of Interest

Comment:

BTCUSD Elliott Wave labels remain intact.
Intermediate (4)(green) completed in a Running Flat.
Bitcoin located in the final stages of Intermediate (5)(green), thus preparing a larger degree Correction in Primary 4 (green).