Bitcoin has still not broken out of the major down trend line on a LOG SCALE. When it does, the natural thing for it to do would be to land back on the line to retest support.
If the above scenario happens then this Elliott wave count makes a lot of sense, which puts it right in the region of the logarithmic scale. (C) should end at right about 10.5k, which is also a long term logarithmic support trend.
Follow me on Twitter: https://twitter.com/PopTrading
TradingView: https://www.tradingview.com/u/nsepia/
Let's trade smart & make some money.
Thanks for your analysis
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for this worth a follow. I enjoyed it, Keep up the good work.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Followed you and upvoted you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit