This is my quick update on Bitcoin on the 4h chart (local price action). Price is still holding the major support zone (21 700 USDT — 22 000 USDT) and that's why my bias is still very bullish!
We have an incomplete rising wedge, so there is a great chance for another wave to the upside. As per my Elliott wave analysis — we are basically in the middle of this «huge» Impulse wave!
There are a lot of Elliott waves combinations, but i think this is most probable scenario. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit «Like» and «Follow»! My second alternative Elliott wave count.
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