the btc bull case.
good evening, today was a total wild card.
let's talk about the bull case.
if the larger wave 4 is in, then the only way for me to possibly count it is by calling that big drop from 64k an expanded flat.
i don't like this count, but this is the only way we are able to make a bull case from an elliott wave perspective.
so from the lows in june, we saw 5 waves up into a completed wave (1) impulse,
saw a pretty big dip today for a wave A, now we work on wave B (suckers rally) up to around 48~50k,
followed by another drop down for wave C into the larger golden zone between 36~38k for wave (2).
from there btc moves up to 100k in a very strong impulsive move for wave (3).
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view bear case below:
let's talk about the bull case.
if the larger wave 4 is in, then the only way for me to possibly count it is by calling that big drop from 64k an expanded flat.
i don't like this count, but this is the only way we are able to make a bull case from an elliott wave perspective.
so from the lows in june, we saw 5 waves up into a completed wave (1) impulse,
saw a pretty big dip today for a wave A, now we work on wave B (suckers rally) up to around 48~50k,
followed by another drop down for wave C into the larger golden zone between 36~38k for wave (2).
from there btc moves up to 100k in a very strong impulsive move for wave (3).
--------
view bear case below:
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