Using Elliott Wave Theory as our guide, the minimum waves are in place to suggest Bitcoin is about to take on a nice rally.
The decline from the April 13 high down to today's low fits really nicely as an (a)-(b)-(c) zigzag.
Wave (b) of the zigzag was a triangle pattern.
Wave (c) was equal in length to wave (a) of the zigzag, a common wave relationship.
If this is the pattern at play, then today's low of $25,810 low would hold and a rally up to $27,648 is highly likely. Further rally potential to
29K and even new highs above 
31K are possible.
The decline from the April 13 high down to today's low fits really nicely as an (a)-(b)-(c) zigzag.
Wave (b) of the zigzag was a triangle pattern.
Wave (c) was equal in length to wave (a) of the zigzag, a common wave relationship.
If this is the pattern at play, then today's low of $25,810 low would hold and a rally up to $27,648 is highly likely. Further rally potential to
29K and even new highs above 31K are possible.
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.