We continue moving higher within the Bitcoin timeframes from 1h to 4h and finally 1D (daily).
Here is very simple/potential wave count based on the Elliot Wave Principle for the next impulse move on BTCUSD.
A classic 5 waves structure that push prices beyond $28,000 to $34,000 and above in a matter of 40-60 days.
Note, this potential wave count is fully invalidated on a close below the local low, around $17,600.
This level we won't touch though as this is our local low.
What is your opinion on this wave count?
Thank you for reading and for your continued support.
Namaste.
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