Hello Guys, as I promised you before, it's a new day to show you the Bitcoin in a Weekly timeframe based on Elliot waves.
Everything is clear and we finished the cycle that included 5 Wave. The first, 3rd, and 5th is bullish, and 2nd and 4th is correction wave.
After a full cycle, we expect to correct waves that include 3 waves.
The first and 3rd in bearish and the second wave has Bullish momentum. we called it ABC.
It's really easy to understand.
Based on my analysis, the A wave begins from 69K to 15K
B wave begins from 15k to 32k
And at this time we are in a C wave that includes 5 microwaves.
The A Wave has a special structure. There are 5 microwaves in the A wave. In Bitcoin, the A wave had a stretched wave in the first microwave. And the 3rd one is not the shortest wave.
B could move complicatedly. It's usually moved in 3 microwaves.
The last one is the C wave.
I expect C wave has 5 microwaves. And could create a divergence at the End of the movement that related to a sign to notify us it's time to buy.
Take it Easy!
The C wave began. So, Watch the market.
I told you everything in the analysis about the daily timeframe. Please refer to my pre-analysis and think about that.
Good Luck
Ho3ein.mnD