BitcoinLong
BTC still goes above $100k in this cycle
Monthly log chart of BTC, showing an Elliott wave count that supports the narrative that we get an extended bull cycle this time around...well into 2022. I like this count because wave ((2)) green is a zig-zag correction and wave ((4)) green is a triangle. This type of alternation is often seen with corrective waves. Also, this current impulse wave 1 (orange) was a 5 wave move up and that supports that we just printed a 1,2 & 1,2 and we should see wave 3 of (3) of ((5)) green next. This wave count would be invalidated if price goes below 28.8k.
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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.