Bitcoin BTC - Explosive move soon! Next stop, 32 000 USDT!
Updated
- Bitcoin is absolutely prepared for an explosive move, with a high probability of success.
- As you can see on the chart, we have just finished a corrective structure (ABCDE ascending triangle) as wave 2 and now we can expect a massive third impulse wave to the upside!
- Triangles usually have a 3-3-3-3-3 structure as per Elliott Wave rules, and this is a textbook example pretty much.
- We have a first wave as a leading diagonal and I presume this makes sense from the time perspective.
- The next major resistance level is 32, 000 USDT, with some minor resistance for intraday pullbacks.
- The major EURUSD pair is breaking out bullishly, which favors Bitcoin because of the weak dollar.
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My second Elliott Wave bullish count without the ABCDE triangle.Related publications
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