Good afternoon, everybody!
Since our last Sunday update, the market didn't make any big move and because of this, our count is the same.
Bitcoin should manage to gain further momentum on the upside and the next big challenge will be, reaching above the last top at 31'046$. On our micro-count, we are currently speculating if bitcoin could have established a small bullish setup in form of a wave (i) and wave (ii).
Our alternative is still on the chart and would be triggered if bitcoin should break below the red trend line again, the 0.382 retracement at 25'343$ represents the last bullish stronghold.
2H Chart - BItcoin (Index)
Please note that we are already invested in Bitcoin since the 15th of June 2022, back then we announced our first positions on tradingview.
Long Bitcoin (BTCUSD)
AVERAGE EXECUTION PRICE: 20’714.20$
STOP-LOSS: NONE
LONGTERM TARET: +120’000$
Since our last Sunday update, the market didn't make any big move and because of this, our count is the same.
Bitcoin should manage to gain further momentum on the upside and the next big challenge will be, reaching above the last top at 31'046$. On our micro-count, we are currently speculating if bitcoin could have established a small bullish setup in form of a wave (i) and wave (ii).
Our alternative is still on the chart and would be triggered if bitcoin should break below the red trend line again, the 0.382 retracement at 25'343$ represents the last bullish stronghold.
2H Chart - BItcoin (Index)
Please note that we are already invested in Bitcoin since the 15th of June 2022, back then we announced our first positions on tradingview.
Long Bitcoin (BTCUSD)
AVERAGE EXECUTION PRICE: 20’714.20$
STOP-LOSS: NONE
LONGTERM TARET: +120’000$
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.