BtcUsdt Elliott wave count

Below 73881.4 we are looking to the downside to unfold wave ((4)) of wave 3.
Possible targets 0.382 fib retracements also key level previous wave (4) 59112 zone.

Commentaire:

Bitcoin must stay above 68416.26 and clear 71726.51 to continue its move to the upside.
Clearing 68416.26 we will favor a Y or C wave to the downside

Commentaire:

Further, rangebound price action may hint that wave ((iv)) takes the form of a triangle.
If so, the remaining subdivisions will unfold above 60761.07 and below 71726.51

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Updated wave ((4)) triangle as the price keeps 60761.07 level

Commentaire:

The 3 waves rally from 60788 to 66883 is evidence to suggest an impulse lower will unfold in wave V

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Watching for evidences wave (c) an ending diagonal have ended at 59644.
Above 59644. and clearing 64101 we will look to the upside for wave ((5)).

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Watching for evidences wave ((iv)) a complex correction ended 56537.33.
Above 56537.33 and clearing 64699.48 also middle line of decelerating channel we are looking to the upside for wave ((v)) of wave 3

Commentaire:

Above 56537.33 and clearing 63451.11 we are looking to the upside for wave ((v)) of wave 3.

Commentaire:

Wave (iii) possible target 1.618 fib extension of wave (i) = 76374.14.