BTC Elliott Wave Counting
BTC is forming a corrective trend to the upside in the form of a Double Three (WXY). EW rules suggest the final Y wave should form a flat or triangle pattern before resuming the larger downtrend. Y leg tends to gravitate towards the 1 to 1.23 extension of W, consistent with the bearish order block circa 24k.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.