Bitcoin BTC - Explosive breakout soon! + Elliott Wave + Channel

16 Jul 2022

• IF you are an Elliott wave trader, you have to confirm that this is a valid EW count.
  
• As per my Elliott analysis, this impulse wave (5-3-5-3-5) has been completed successfully together with major ABC correction from 2021.
  
• On the daily chart we can spot 2 parallel channels and they are both close to a breakout, so with this confluence we can increase our probability!
  
• Next stop is major previous horizontal resistance + start of the gap + 0.618 FIB (around 36 500 USDT - 37 500 USDT).
  
• It is possible that we see this low price for the last time, because Bitcoin is very bullish asset and we are on a major support on the monthly scale (from 2017).
  
• Look at my idea about Bitcoin on the weekly timeframe in the related section down below ↓
  
• For more ideas please hit "Like" and "Follow"!