My last post was the bullish version of this chart. BTC is still in a down trend, so I believe that a smaller C wave is more likely. C waves are usually bigger than A but there will be so much resistance going up that I think it is more probable that we won't break the 7300-7400 supply zone.
Note
wow i just realized the title of this is bullish... well it is bullish but its just less bullish than the last. lack of sleep is getting to meNote
Writing this update as we are in wave b of 4 of 3, looks like my idea, although rough at the time of publication, has been playing out quite nicelyNote
Some modifications to the wave count. don't know if anyone can follow my scribbles but this is interesting to me so i want to catalog it for educational purposes. Note
damn i just noticed 4 drops too low on one of those waves... sleep deprived, again.
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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.