© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M.
(1D) The broader context may suggest that Bitcoin has completed the 4-red wave, and the 5-red wave may be poised to resume its upward trajectory.
(4H) The short-term outlook suggests that the (i)-purple wave is currently unfolding to move higher. The decline below the $64,214 level indicates that the (ii)-purple wave has started, and following that, the (iii)-purple wave may return to push significantly higher.
(1D) The broader context may suggest that Bitcoin has completed the 4-red wave, and the 5-red wave may be poised to resume its upward trajectory.
(4H) The short-term outlook suggests that the (i)-purple wave is currently unfolding to move higher. The decline below the $64,214 level indicates that the (ii)-purple wave has started, and following that, the (iii)-purple wave may return to push significantly higher.