RIght now, I'm bullish, although, this is my alternate count for BTC. A break above the 33K trendline would confirm the bullish count. A bounce off of it would confirm the diagonal.
BTC has completed the A Wave of the ABC correction. We're currently in Wave 5 of a leading diagonal for Wave B. Expected targets for B are at the 50% - 61.8% fib retracement levels between 47K and 52K.
C has the possibility of reaching 14K, although, this is highly unlikely since 28K has proven to be critical support 5 times.
Outlook is short-term bullish,...