I think we will retest the base channel at some point. As mentioned many times before, I think DXY is going to have a decisive role for all risk assets. There is a credible alternate with the covid lows ending some macro W2 (instead of my minor green E here) and the structure above being macro W3 (the red subminuette impulse on my chart). However, we must NOT forget that Bitcoin's personality is to make extended 5ths. BTC likes to end its bull trends with a parabolic move. Don't ever forget this or you will remain on the sidelines most of the time. This is Bitcoin!
Please like and share if you appreciate this market update.
We are certified Elliotticians and publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all our questions regarding #Elliottwave!
Cryptos are updated every day of the week and on Saturday, if necessary.
Traditional assets are updated on Monday, Tuesday, Wednesday and Thursday, and if necessary, on Friday.
Elliott wave & Fibonacci labelling:
Common path in white, bullish count in green, bearish count in red.
Please like and share if you appreciate this market update.
We are certified Elliotticians and publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all our questions regarding #Elliottwave!
Cryptos are updated every day of the week and on Saturday, if necessary.
Traditional assets are updated on Monday, Tuesday, Wednesday and Thursday, and if necessary, on Friday.
Elliott wave & Fibonacci labelling:
Common path in white, bullish count in green, bearish count in red.