ZenitCrypto

BTC/USD Weekly Elliot Wave

Panjang
COINBASE:BTCUSD   Bitcoin
Here's a possible scenario from the chart using a common Elliot Wave pattern. The dotted lines are support/resistance in confluence to the VPVR. Whether or not this plays out is dependent upon geopolitical concerns, and how the market responds to the fed increasing interest rates by 50 basis points next month. I will personally never sell the bulk of my Bitcoin, but I'm looking for a good entry point to deploy more capital. I'm going to be scouting on-chain metrics and looking at oscillators on the daily time frame to find some confirmation. I'm hoping this scenario plays out, but I still need more confirmation before I put in my long. ***Not financial advice***

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