Looks like 4 th wave is complete as a running flat like ethereum. Wave 2 and 4 are almost equal in time and its posdible to count 5 waves Down in the c wave. Furthermore we have hidden bullish div. On weekly tf
Note
Cwave. Wave 5 was within Channel drawn from end of wave 2 and 4 to the end of w 3. bullish div on rsi on the 5 th wave Down
Note
From bottom. My count is this untill proven wrong
Note
My bullish count atm.
Note
This is the bearish count of the move up
Note
Move down looks corrective so far
Note
If current lows hold we are most likely in s leading diagonal
Note
Still not a clear 5 wave structure form bottom on bitcoin yet.If we look at ripple it made a clear 5 wave pattern so I reckon bitcoin Will too
Note
Difficult to eye a bullish count on bitcoin . It looks very much like a flat correction. Not High chance of getting higher for now. If it is a flat it means we are in a 5 wave structure Down from top.
Note
Bearish count Down if we dont break above 41.5
Note
Count on ripple seems very clear. Its bullish . Makes me wonder - bitcoin must be too then. 41.5 k must break before we know.
Note
Bullish count on bitcoin
Note
Move up here could be bullish but it might only be a c wave of an exp flat. We Will have to se if 42.2 breaks
Note
We are looking at the above bearish count or this bullish count. As long we are below the 2 yellow lines the bearish scenario could still play out.
Note
5 waves up done it seems. C wave ended or a 1st wave?
Note
Appears as if we finished an expanded flat as wave 2. If so the bullish scenario is os. Yellow Lines must break though to confirm it.
Note
We Got hard rejektion at the yellow Line. Looking if move Down was a zigzag or 2 1st waves. If we get back to red Line it was a zigzag and a potential wave 2
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.