Comprehensive Bitcoin Elliot Wave Count from ATH!

10 янв. 2022 г.

I have outlined on chart the most probable Wave Count that I can suggest which suggests that we will see lower prices in coming months, in this long and complex corrective sequence. We sit at key support level with a Strong Orderblock between $41200-41600; however, bullish momentum is yet to be seen with the asset showing clear weakness, we can expect this level to be dropped and for the next high level of support at the 37k area orderblock to be tested. In line with the wave count; from $46700 area we came down in 5 waves and have endured some sideways corrective sequences at this level which can be assumed as an X wave before we get a C wave down to complete the C wave with notable confluence of fib extensions lying at the ~$38500 area.

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