Have bitcoin bottomed?
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Looks like bitcoin has finished a double zigzag and correction could be over. Its overbought on weekly rsi and so far there is bullish divergence on Daily timeframe. 22.4 is key area so lets see if we Can break above that.
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We might get a move Down to 19 k to finish a flat like this ملاحظة
Alternative this ملاحظة
5 waves Down May be complete ملاحظة
This move up might just be a wave 2 to 21.5. If it is the Big flat to 19 k still in progress ملاحظة
C wave complete? Looks like 5 waves developed as an expandeddiagonal ملاحظة
We Got bounce up but it appears to be a 3 wave up. Looks like we go below 18.6 again. If we does the flat mentioned above becomes highly doubtfull. I wil update when clarityملاحظة
I doubt it was a c wave of flat. Looks like more downside. Could be a wave 1 down or an a wave of a b wave ملاحظة
looks like we are in a complex bwave (or possibly w2 ). I cannot count it any other way, than an exp. flat foolowed by an x wave up. ملاحظة
Looks like wxy correction finished. This must have Been a wave 2. So the move up after the flat must be 5 waves afterall. ملاحظة
Or we could be in a triangle heres a b wave. We’ll see ملاحظة
Wxy pattern as wave 2 or b wave. We are currently in a b wave unfolding as a triangle in a zigzag to complete the y wave. ملاحظة
Waveupdate. 5 waves up as an exp diagonal. We come dovn in a wave 2 now. ملاحظة
Overview ملاحظة
Wxy to the downside May be complete ملاحظة
Looks like we might have 5 waves Down here. ملاحظة
If its 5 waves i look for this pattern. ملاحظة
A complicated wavesequence but I Think its done. Its a 3 wave structure afterall if current lows hold ملاحظة
Updated count. I Think we have 2 impulses up. The blue ones. In between a Big flat with a truncated wave c ( the yellow abc). Question is now if the 2 blue waves is a zigzag or 2 first waves of a bigger 5 waves up. ملاحظة
Move up does not seems finished. Looks like an ongoing impulse up ملاحظة
Move up. I Think its counted like this. We are correcting further Down in a wave 2 ملاحظة
Wave 2 looks done ملاحظة
Another 5 waves up seems complete. Correction before further upside. ملاحظة
Expanded flat playing out here i Think. Support at yellow Line which is weekly 200 ma. ملاحظة
If we are in a c wave of a flat I would count it like this. Its a possibility that its not a c wave but a bigger decline to the downside. Watch for a zigzag Down to confirm w 5 of c. Yellow Line should hold if this is a cwave ملاحظة
Not the flat scenario. Instead maybe a bigger flat like this ملاحظة
Mistake. The small flat is still valid if current lows hold. Posdible c wave hit 1.38 and we have not broken 200 weekly ma. We could hovmod from hereملاحظة
Cant say i Can see i clear count for the subwaves - very messy but the last wave action looks like a triangle. Im doubtfull Bout the correct count but for now it looks corrective. ملاحظة
Move Down could be a finished zigzag. However i really doubt it. My main bias is we are in a c wave Down of a bigger flat like this. ملاحظة
Could be Bull up. We did a wxy. As a possible red 2. We Will have to see if we manage to go up to the White Line ملاحظة
What a mess. My bullish count is zigzag Down from top. Then a wave 1 and we still in wave 2. Kind of messy here. Lets see if this plays out ملاحظة
Move up is a zigzag not a bullish move. ( unless we get 2 more waves up). If it was a zigzag we are most likely in a running triangle with the last ewave Down to 22.7 again. This would make this macro structure. The triangle must go Down in a zigzag to the zone of the yellow Line. ملاحظة
Complicated count. Atm I stick with this 5 wave count. The last Move up may have Been an ENding diagonal but hard to tell ملاحظة
5 waves Down . It seems. I see 2 possible ways to count the ladt 2 months see below ملاحظة
We have finished a wxy wave which was a wave 4 in a 5 wave decline from Tom. We have started the 5 th wave Down to new lows ملاحظة
Or we have finished a w and x and we are in a wave y up to 26 k area. ملاحظة
Looks like a zigzag building up with a triangle as b wave. If so this is a bearish setup once it has completed ملاحظة
Alt. Triangle complete and we get a dip Down to finish 5 waves like this ملاحظة
Chipchop stil. I think latest move down was a leading diagonal as. 1 wave. We are in a wave 2 up now ملاحظة
5 waves down now complete.this would be a 1st wave of a bigger 5 wave structure down to new lows. We now building up a wave 2 up. Levels 20.8 and 22.4 are the first levels to look for finished wave 2. ملاحظة
A wave of a zigzag to the upside in progres. We are in the beginning of wave 4. ملاحظة
Wave 4 looks complete. Wave 5 up to 22.2 k area, then b wave Down ملاحظة
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2 videos out. Check them out here:Makrocount bitcoin 0-69000 youtu.be/RntioG2WPR4
from 69K and down here: youtu.be/w20nUUcO9QA
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