Bitcoin's Potential 5 Waves Impulse Move to $38,000 (Daily TF)
We continue moving higher within the Bitcoin timeframes from 1h to 4h and finally 1D (daily).
Here is very simple/potential wave count based on the Elliot Wave Principle for the next impulse move on BTCUSD.
A classic 5 waves structure that push prices beyond $28,000 to $34,000 and above in a matter of 40-60 days.
Note, this potential wave count is fully invalidated on a close below the local low, around $17,600.
This level we won't touch though as this is our local low.
What is your opinion on this wave count?
Thank you for reading and for your continued support.
Namaste.
Here is very simple/potential wave count based on the Elliot Wave Principle for the next impulse move on BTCUSD.
A classic 5 waves structure that push prices beyond $28,000 to $34,000 and above in a matter of 40-60 days.
Note, this potential wave count is fully invalidated on a close below the local low, around $17,600.
This level we won't touch though as this is our local low.
What is your opinion on this wave count?
Thank you for reading and for your continued support.
Namaste.
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🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
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