- This is my quick update on Bitcoin on the 4h chart (local price action).
- Price is still holding the major (21 700 USDT – 22 000 USDT) and that’s why my bias is still very bullish!
- We have an incomplete , so there is a great chance for another wave to the upside.
- As per my analysis – we are basically in the middle of this “huge” Impulse wave!
- There are a lot of combinations, but i think this is most probable scenario.
Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.