$BTC and its bear market rally.
It's a bear market rally.
But first, where are we in
BTC's wave cycles?
Cycle wave V underway, cycle wave IV completed.
With these wave counts, we can validate that we have already seen the bottom.
Rejoice!
Looking deeper into its primary wave counts and its fractals..
Ongoing: Primary wave ① > Intermediate wave (4) > Minor wave ⓑ
I slant towards these wave counts as I see strong and clear counter-trending wave movements.
Counter-trending waves tend to fluctuate (violent moves) and can play out in deep triangles.
But we are also yet to see clear structure forming.
In the coming days and weeks zig-zags, double-threes or even triple-threes formations can play out.
In the meantime, I see testing 30k as a good probability.
For now though, a clear signal that the bottom for counter-trend wave (4) structure would be a break of
27K support.
While I'm really looking forward to its completion, I dread the news that will bring us there.
>.<
But first, where are we in
BTC's wave cycles?Cycle wave V underway, cycle wave IV completed.
With these wave counts, we can validate that we have already seen the bottom.
Rejoice!
Looking deeper into its primary wave counts and its fractals..
Ongoing: Primary wave ① > Intermediate wave (4) > Minor wave ⓑ
I slant towards these wave counts as I see strong and clear counter-trending wave movements.
Counter-trending waves tend to fluctuate (violent moves) and can play out in deep triangles.
But we are also yet to see clear structure forming.
In the coming days and weeks zig-zags, double-threes or even triple-threes formations can play out.
In the meantime, I see testing 30k as a good probability.
For now though, a clear signal that the bottom for counter-trend wave (4) structure would be a break of
27K support.While I'm really looking forward to its completion, I dread the news that will bring us there.
>.<
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.