#Elliottwave count BTC '19-'22 - Blow-off phase to be expected $BTC : self-explanatory #Elliottwave count
W1: 1st impulse
W2: sharp correction
W3: extended impulse
W4
+ flat, retraced to the 0.5 fib. of W3
+ didn't enter W1-territory, inv. <13.8k
W5 mainly targets 160-170k
+ top channel through 2,3,4
+ 1.618 of W4
#BTC #bullmarket
Channelingaction
Price channelingWell friends, as suggested in my earlier posts SPY was expected to make a new high.
That potential has been fulfilled.
The price has been channeling for the past few weeks.
Now trending at its upper trend line.
Expect day liquidation breaks (about 3-7) SPY points to be bought while price channels.
Strong support at 324-327 band.