discobiscuit

BTCUSD morning update

INDEX:BTCUSD   Bitcoin
The only bearish case I can make for BTCUSD at the moment. On the left, pitchfork drawn from ATL/Nov 2021 high/Nov 2022 low showing profit taking/resistance at .25, .5, and .75 areas (circled areas), with last stop in the 76k-80k area. On the right, you can see price action on log scale, where the count doesn't look as ridiculous. Primary wave 4 ends up being an expanded flat, to accommodate what looks like an impulse wave from Nov 2021 to Nov 2022. I think that the only way this count gets realized is with a near-term cataclysmic drop in equities below their October 2022 lows.
Penafian

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