Bitcoin. Long. Elliot wave analysys.

Wawecount 10.07.2021 BTCUSD.

There are two scenarios at the current moment.

WXY correction is complete. Leading impulse in the form of an inline (wave 1) + ABC correction (wave 2)
Correction WXY is not completed, wave X is developing and a downward move is ahead. Perhaps at 20,000. This is a more likely scenario in my opinion, but for now I am trying to trage the first scenario and opened a position in the area of 33,000.

The chart also resembles the Wyckoff Accumulation. Compare the graph to the diagram below. Very similar

Fundamentally, everyone is waiting for Bitcoin at 100,000. There was also news that Bitcoin is being actively bought back from 33,000. At the moment, we have a typical accumulation phase, from which there can be a breakout both upwards and downwards. We'll see

Discuss
https://t.me/taraban_invest_en/3

Idea:
https://www.tradingview.com/chart/BTCUSD/mS65Q9Rp-BTC-Long-setup/

This is not an invest recommendation