BITCOIN extremely bullish wave countIf we reclaim above 50.2K this will be my primary / most probable count where we still haven't completed wave 1 of bigger wave 5 and are currently in wave 5 (yellow) of 1 (orange) of bigger wave 5 which will end around 59-61K region and will give a retrace towards 40K region where I would expect price to take out that liquidity I mentioned on chart before starting a monster wave 3 towards 120-130K and then retrace for wave 4 towards 80-90K and then last leg up towards 150-160K.
Reason due to which I think this will be most probable if we reclaim above 50.2K is because if you compare wave 2 and wave 4 in yellow then you'll they are almost took same time and also are of almost similar length on log chart.
Btcelliotwaves
BTCBULLS Stay Alert !!!!Recent price drop in btc wasn't a surprise for me as I was talking about 52-53K top from a while from both bullish and bearish perspective but now Bitcoin bulls need to be alert coz this bullish count which I made for bulls will be invalidated if we do close a 4h candle below 42.5K and that would indicate bigger ABC is almost 90%on the cards while on the other hand if we close 4h candle above the recent high of 52.9K bigger ABC will be out 95% out of cards. So be alert in next few days as you'll get clear direction of market for coming months in next few days.
#NFA
BTCUSD Stay Alert ,BTC bull trap ?Just a reminder of how $BTC traps people in correction of same degree by bouncing off golden pocket zones of fib extensions before dropping to 1:1 ( see how close it came to 1:1 in 2018 bear market bottom) . And this correction is of same degree of 2019-2020 drop and 1:1 of that is on marked price
BTCUSD Bullish countThis count is based on thinking that we've bottomed out already ( which I think we haven't coz of time relationship with EW). But there's one case which can make this count pretty much valid and probable that's if we get rejected from 52-53K region and then hold around golden pocket zone of last impulse from July (marked on chart) and then get range bound in between these 2 levels till end of year and then taking off for wave 5 towards 130K with initial Target at 85-90K. And also the most important thing for this count to become validated is holding 52.5K region as a support when we get above it and reject from around 58K region ( most likely we'll see Rejection from that zone coz that has huge amount resistance and supply zones).
BTCUSD bullish count targeting 85-90K end of year.BTCUSD wave count I discussed in earlier posts indicating ABC correction might have finished (less probable to me). For validation of this we should reclaim above 52.5K with sustainable volume on higher timeframes and also not to loose 40.5K on daily /weekly basis. My personal bias is towards 1st scenario leading to 18-20K