Using Elliott Wave Theory as our guide, the minimum waves are in place to suggest Bitcoin is about to take on a nice rally.
The decline from the April 13 high down to today's low fits really nicely as an (a)-(b)-(c) zigzag.
Wave (b) of the zigzag was a triangle pattern.
Wave (c) was equal in length to wave (a) of the zigzag, a common wave relationship.
If this is the pattern at play, then today's low of $25,810 low would hold and a rally up to $27,648 is highly likely. Further rally potential to
29K and even new highs above 
31K are possible.
The decline from the April 13 high down to today's low fits really nicely as an (a)-(b)-(c) zigzag.
Wave (b) of the zigzag was a triangle pattern.
Wave (c) was equal in length to wave (a) of the zigzag, a common wave relationship.
If this is the pattern at play, then today's low of $25,810 low would hold and a rally up to $27,648 is highly likely. Further rally potential to
29K and even new highs above 31K are possible.
Are you ready to learn Elliott Wave?
Receive 2 free Elliott Wave training videos customized to you when you complete our Free Elliott Wave Readiness Assessment:
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Receive 2 free Elliott Wave training videos customized to you when you complete our Free Elliott Wave Readiness Assessment:
qwiz.seethewaves.com/ewreadiness/p/tv1
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Are you ready to learn Elliott Wave?
Receive 2 free Elliott Wave training videos customized to you when you complete our Free Elliott Wave Readiness Assessment:
qwiz.seethewaves.com/ewreadiness/p/tv1
Receive 2 free Elliott Wave training videos customized to you when you complete our Free Elliott Wave Readiness Assessment:
qwiz.seethewaves.com/ewreadiness/p/tv1
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.