Bitcoin Elliot wave analysis

11 ביולי 2022

Bitcoin BTCUSD trend is now up, then down

Bitcoin is overall preparing to back set go towards south zones on bigger picture's Elliot wave counts,
but currently we are expecting very little counter pull back rally towards north near 22500 zones, there after we are assuming good fall again towards south directions.
all the possible degree wave counts are shared in snap shots below

Possible wave counts on weekly time frame


Possible wave counts on daily time frame


Possible wave counts on 4 hourly time frame


positive divergence in both macd and rsi


RSI double breakout on hourly chart.


MACD positive crossover on hourly chart


MACD positive crossover on daily chart


Lower Bollinger also uptick


Trigger point is breakout this black resistance trendline


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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.