KhaniTechnical

#BITCOIN #BTC NEW WAY

Long
INDEX:BTCUSD   Bitcoin
Check the status of bitcoin on a 4-hour daily chart
Based on Elliott wave counting, channeling, and using Fibonacci

Since the ascent, which has taken place over the past 34 days, has corrected more than 62% of its previous wave, it is very unlikely that we will face wave A.

So by changing the way of counting, I realized that the fall was done with a double zigzag pattern and now we are completing wave 1 of 5.

The purposes of this wave count are:
1- 75000-80000
2- 10000-108000
3- 136000-147000

According to the lead pattern formed for the leading wave 1, there is a possibility of price correction to the range of 44500-36000 before the climb.

If the 32,000 support is broken, this counting wave will be void.

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