I’m bullish on the long-term as well.
With a corrective flat Elliot wave structure developing and without a big margin long-side bias, BTC has potential to make higher highs after finding support at the 10.5-11k zone.
Do you agree with the setup?
hodlmybtc
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@Phi-Deltalytics, Nice chart! But I think we already tested 10.5k 2 times already since we broke it and are now moving higher
@Phi-Deltalytics, on the 4h/1d charts there are 2 wicks to 10.6k which I see as tests of 10.5k but bears couldn't even reach that low because of all the demand
Phi-Deltalytics
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@hodlmybtc, Jul 28 & Aug 1? Anyways, yeah, the demand is very surprising.