Bitcoin Elliott wave projection

8 de fev. de 2022

BTCUSD is about to accomplish the sub-wave C of the corrective wave ((4)).

Wave ((4)) is forming a running flat pattern, where wave B has exceeded the origin point of wave A.
But due to lack of bear power, wave C is too weak to break the ending point of wave A.

It Indicates bulls are strong at the movement.

But, the price can still break wave A to complete the expanded flat correction, if the price breaks the recent low of 33950.

Price has retreated from 50% at 34244, and we have seen a price surge.

I will upload further information soon.

Weekly chart:

3 de mar. de 2022

Nota

Reversed from 50%. However, price has to confirm bull run.