NIGHT_NIGHT_5

BTC MONTHLY Elliot Wave Ending Diagonal

Long
INDEX:BTCUSD   Bitcoin
(COUNT #1) I have yet to see this wave count showing a possible ending diagonal on the BTC Monthly.

Looking at the MACD we have monthly bullish divergence between (yellow) waves 2 and 4.

Monthly MACD cross is closing in. Negative momentum is near flipping to positive.

Also check out this count in an inverted view (upside down). It looks more clear.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.