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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הערה
My second Elliott Wave bullish count without the ABCDE triangle.
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