as you can see on the chart we are below any possible moving average below 100 and also we are below 200-daily moving average. but i am very bullish on bitcoin because of my wave counts. i believe we completed wave 1 and probable wave 2 in big scope starting from the 3100 bottom. i believe we have completed the correction starting from 14k till the 7.7k and we have started the wave three and we have actually completed wave 1 of wave 3 and actually! we have completed wave 1 of this last mentioned wave 3! it means we are initiating the wave 3 of 3 of 3. it is the most bullish point of time in bitcoin that we have seen in the past 2 years.
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this is the big scope from what i see.
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this fractal is copied from 7 to 24 February from 4h chart and i'm putting it to 1h chart(because it is smaller version of it. it was the first impulse wave of wave 3 that took us up to 9000.
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