Bitcoin switching to Intermediate bullish count?
Updated
The series of ones and twos for a third wave build up has not yet panned out. It's looking choppy and pulling back to view the longer time frames it looks like a triangle may be forming. This extends the larger ABC count.
The current macroeconomic landscape and geopolitical events may support a rush to cryptocurrency as an alternate or safety trade to local currency devaluations or banks freezing of funds.
The current macroeconomic landscape and geopolitical events may support a rush to cryptocurrency as an alternate or safety trade to local currency devaluations or banks freezing of funds.
Note
If key support level does not hold, bearish count (in related ideas) continues.Note
The bearish count in related ideas looks is playing out. Waiting for more price actions before publishing the latest count.Trade closed manually
Short-term there was shy of $200 dip in price but the intermediate bullish count clearly won. Targets have been surpassed. Start taking profits if you are long.
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