Bitcoin's Potential 5 Waves Impulse Move to $38,000 (Daily TF)

2. Juli 2022

We continue moving higher within the Bitcoin timeframes from 1h to 4h and finally 1D (daily).

Here is very simple/potential wave count based on the Elliot Wave Principle for the next impulse move on BTCUSD.

A classic 5 waves structure that push prices beyond $28,000 to $34,000 and above in a matter of 40-60 days.

Note, this potential wave count is fully invalidated on a close below the local low, around $17,600.
This level we won't touch though as this is our local low.

What is your opinion on this wave count?

Thank you for reading and for your continued support.

Namaste.