Long

#BITCOIN #BTC NEW WAY

Check the status of bitcoin on a 4-hour daily chart
Based on Elliott wave counting, channeling, and using Fibonacci

Since the ascent, which has taken place over the past 34 days, has corrected more than 62% of its previous wave, it is very unlikely that we will face wave A.

So by changing the way of counting, I realized that the fall was done with a double zigzag pattern and now we are completing wave 1 of 5.

The purposes of this wave count are:
1- 75000-80000
2- 10000-108000
3- 136000-147000

According to the lead pattern formed for the leading wave 1, there is a possibility of price correction to the range of 44500-36000 before the climb.

If the 32,000 support is broken, this counting wave will be void.

KhaniTechnical

FOLLOW ME ON SOCIAL NETWORK

Telegram: t.me/KhaniTechnical

Instagram: instagram.com/khanitechnical/

Youtube: youtube.com/channel/UCyVqjUaOZX1WjitGHIZaZAw

Twitter: twitter.com/khanitechnical

Also on:

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.

KhaniTechnical