Monday, March 30, 2020

Bitcoin



Less bullish count(appears to be most likely outlook): 

Current up wave: wave B of a possible flat or triangle (Feb/2020 high to Mar/2020 low is wave A)
Projection arrow on chart - green (see chart below) 


More bullish count(appears to be less likely outlook)

Current up wave: wave 3 from the Mar/2020 low (Jun/2019 high to Mar/2020 low is wave 2)
Projection arrow on chart - yellow (see chart below) 


A strong move below the March low will invalidate both of these counts.




Bitcoin weekly chart with current projection arrows shown.