BULLISH IDEA BTC

29 Eyl 2022

We see a signature move in tightening ranges play over and over in this bear market down turn. The low at 17.6 k BTC has a rising wedge with a corrective look and structure, similar to our last summer's reaction at 29-30K BTC. Without getting into all the reasons to look for such a move, here is simply an alternate bullish concept for how price could surprise to the upside, expressed with an Elliot Wave count.

*** Please note, this is not a call. It's a concept.