Bitcoin BTC - Ready for another pump! Wedge + Elliott Wave

  • This is my quick update on Bitcoin on the 4h chart (local price action).
  • Price is still holding the major support zone (21 700 USDT - 22 000 USDT) and that's why my bias is still very bullish!
  • We have an incomplete rising wedge, so there is a great chance for another wave to the upside.
  • As per my Elliott wave analysis - we are basically in the middle of this "huge" Impulse wave!
  • There are a lot of Elliott waves combinations, but i think this is most probable scenario.
  • Look at my ideas about interesting altcoins in the related section down below ↓
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My second alternative Elliott wave count. We have a leading first wave diagonal here.

snapshot

Ascending ChannelBTCUSDBTCUSDTBullish FlagBullish Trend LineElliott WaveFLATRising WedgeSupport and ResistanceSymmetrical TriangleVolumeZigzag