BitcoinLong
Bitcoin Trading Idea | Next BIG Swing | Elliott Wave (4H)
Updated
Bitcoin Trading Idea | Next BIG Swing | Elliott Wave
BTC/USD - 4H Chart
Intermediate (3) (green) Structure - Bullish Impulse
Elliott Wave Channel in Minor 5 (green).
Intermediate (4) (green) - Running Contracting Triangle
ABCDE Structure (turquoise), with expectations for a Bullish Break-out.
Intermediate (5) (green) - Favorable Technicals
- Ascending Channel
- Hidden Bullish Divergence
- Sideways Correction & Continuation Pattern
- 38.2% Fibonacci Retracement of Intermediate (3)(green)
- Vibration Zone & Point of Interest
BTC/USD - 4H Chart
Intermediate (3) (green) Structure - Bullish Impulse
Elliott Wave Channel in Minor 5 (green).
Intermediate (4) (green) - Running Contracting Triangle
ABCDE Structure (turquoise), with expectations for a Bullish Break-out.
Intermediate (5) (green) - Favorable Technicals
- Ascending Channel
- Hidden Bullish Divergence
- Sideways Correction & Continuation Pattern
- 38.2% Fibonacci Retracement of Intermediate (3)(green)
- Vibration Zone & Point of Interest
Note
BTCUSD Elliott Wave labels remain intact.Intermediate (4)(green) completed in a Running Flat.
Bitcoin located in the final stages of Intermediate (5)(green), thus preparing a larger degree Correction in Primary 4 (green).
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