Raul_Dominguez

Bitcoin Elliott Wave Count

BYBIT:BTCUSD   None
BTCUSD

From the bottom of June 15, 2021, we had 5 waves up, following a mayor correction on Bitcoin of about 55%, which I would consider Primary Wave 4, and now we are in Primary Wave 5.

Within Primary Wave 5, we already trace Intermediate Wave 1, and it seems that we are now tracing Intermediate Wave 2.

Intermediate Wave 2 could be a Flat or a Double Zigzag Combination Pattern.

Within Intermediate Wave 2, we already trace Minor Wave A, and are now tracing Minor Wave B. When we finished, Minor Wave C should follow, and go below 42K, Minor Wave A lows.

Either way, I expect a rally towards the end of the year, could dip into January, follow by a big decline in January 2022, could dip into February.

Not a recommendation just what I will be expecting.

I'm bullish short term, bearish mid-term, bullish long term. And I know it is confusing, but it is, what it is.

Good luck to you.

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