Bitcoin

Bitcoin Elliot wave analysis

1 165
Bitcoin BTCUSD trend is now up, then down

Bitcoin is overall preparing to back set go towards south zones on bigger picture's Elliot wave counts,
but currently we are expecting very little counter pull back rally towards north near 22500 zones, there after we are assuming good fall again towards south directions.
all the possible degree wave counts are shared in snap shots below

Possible wave counts on weekly time frame
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Possible wave counts on daily time frame
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Possible wave counts on 4 hourly time frame
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positive divergence in both macd and rsi
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RSI double breakout on hourly chart.
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MACD positive crossover on hourly chart
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MACD positive crossover on daily chart
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Lower Bollinger also uptick
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Trigger point is breakout this black resistance trendline
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My studies are for educational purpose only.
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